Suppose theUS dollar has beenappreciatingfor some time compared to other foreign currency.What does the dollar appreciating imply about the following for the US:

1. USexports and imports: Will exports increase or decrease? Will imports increase or decrease?
2. Net exports: Will exports be larger or smaller than imports? Will net exports be positive, negative, or 0?
3. US net capital outflow (NCO): Will it be positive, negative, or 0?
4. Saving and investment: Will S>I, S
5. Will the US be in atrade surplus, shortage, or have balanced trade?