Question
What effect does a contractionary monetary policy in the U.S. have on the foreign trade sector? A. The higher value of the dollar will decrease
A. The higher value of the dollar will decrease exports and increase imports.
B. The higher value of the dollar will decrease imports and increase exports.
C. The lower value of the dollar will decrease exports and increase imports.
D. The lower value of the dollar will decrease imports and increase exports.
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International Economics
Authors: Robert Carbaugh
18th Edition
0357518918, 978-0357518915
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