Question
In the long run, a rise in a country's price level (relative to the foreign price level) causes its currency to ___, while a fall
In the long run, a rise in a country's price level (relative to the foreign price level) causes its currency to ___, while a fall in the country's relative price level causes its currency to ___.
Group of answer choices
depreciate; depreciate
appreciate; appreciate
depreciate; appreciate
appreciate; depreciate
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
