Solve it correctly and show all work. Ty-ped answer only. I will rate accordingly with multiple votes.

From the theory of currency exchange rate and its connection with changes in trade balance (Export minus Import) of the US economy, the recent record rise in US$ value against the British Pound Sterling and other currencies are expected to ___________ the US trade balance, among others.

Group of answer choices

none of these possible answers are correct

decrease the trade deficit (increase export and decrease import)

increase the trade deficit (decrease export and increase import)

remain unchanged