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Assume that there is an excess demand for euros at the current dollar price per euro. Which of the following is true? (1 point) The
Assume that there is an excess demand for euros at the current dollar price per euro. Which of the following is true? (1 point) The euro will appreciate as the euro market moves to equilibrium. The dollar price per euro will fall as the euro market moves to equilibrium. At the current price per euro, compared to the equilibrium price, European goods are relatively cheaper for U.S. citizens. At the current dollar price per euro, Europeans will find travel to the United States relatively cheaper, compared to the equilibrium exchange rate. The supply of euros will increase over time to equilibrate the quantity demanded and quantity supplied of euros
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