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Other things equal, the domestic currency _____ when the domestic money supply decreases relative to the foreign money supply. depreciates in the long-run appreciates in
Other things equal, the domestic currency _____ when the domestic money supply decreases relative to the foreign money supply.
- depreciates in the long-run
- appreciates in the long-run
- remains unchanged in the long-run.
- appreciates in the short-run but returns to its initial value in the long-run.
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
