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The demand for dollars slopes downward because as the dollar appreciates, ________, which leads to ...

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The demand for dollars slopes downward because as the dollar appreciates, ________, which leads to ...

The demand for dollars slopes downward because as the dollar appreciates, ________, which leads to fewer dollars being demanded.

▸ the exchange rate falls and exported goods become more expensive

▸ the exchange rate falls and exported goods become less expensive

▸ the exchange rate rises and exported goods become less expensive

▸ the exchange rate rises and exported goods become more expensive

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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