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Ilovebacon22 Ilovebacon22
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5 years ago

Question 1.

Expansionary monetary policy causes the exchange rate to depreciate.



▸ true

▸ false

Question 2.

If the exchange rate between the British pound and the U.S. dollar was $1 = £0.67 last month, and the exchange rate is $1 = £0.72 this month, the U.S. dollar has appreciated relative to the British pound.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 134 times
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Antoinette12Antoinette12
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5 years ago
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Ilovebacon22 Author
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#2
5 years ago
This helped my grade so much
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#3
5 years ago
Perfect
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