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The Chinese have an increase in relative incomes compared to Americans. The Chinese currency is the yuan and the American currency is the USD. What
The Chinese have an increase in relative incomes compared to Americans. The Chinese currency is the yuan and the American currency is the USD. What happens to the yuan in the FOREX market and China's aggregate demand (AD) as a result of that change? Group of answer choices The yuan depreciates and the AD decreases. The yuan appreciates and the AD decreases. The yuan depreciates and the AD increases. The yuan appreciates and the AD increases
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