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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,

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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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