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If the exchange rate changes to 1 = $3, the price of apple jelly in dollars will increase stay the same decrease and U.S. citizens
If the exchange rate changes to 1 = $3, the price of apple jelly in dollars will increase stay the same decrease and U.S. citizens will want to buy more apple jelly the same amount of apple jelly less apple jelly . Thus the quantity of British pounds that U.S. citizens demand will be more the same less
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
