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Suppose the exchange rate for euros goes from 1 euro = $1 to 1.5 euros = $1. This means that European goods have now become
Suppose the exchange rate for euros goes from 1 euro = $1 to 1.5 euros = $1. This means that European goods have now become Multiple choice question. more expensive to Americans less desirable to Americans no more or less expensive than before to Americans less expensive to Americans
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