Question
Suppose that the U.S. government imposes import tariffs on appliances produced in other countries, all else constant. According to the open-economy macroeconomic model, Group of
Suppose that the U.S. government imposes import tariffs on appliances produced in other countries, all else constant. According to the open-economy macroeconomic model,
Group of answer choices
the U.S. dollar would appreciate, and net exports of U.S. goods other than appliances would rise.
the U.S. dollar would appreciate, and net exports of U.S. goods other than appliances would fall.
the U.S. dollar would depreciate, and net exports of U.S. goods other than appliances would rise.
the U.S. dollar would depreciate, and net exports of U.S. goods other than appliances would fall.
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