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Everything else being equal, a decrease in the supply of dollars in exchange for pesos will cause ...

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Everything else being equal, a decrease in the supply of dollars in exchange for pesos will cause ...

Everything else being equal, a decrease in the supply of dollars in exchange for pesos will cause the dollar ________ the quantity of dollars being traded in the foreign exchange market.

▸ to appreciate against the peso and will increase

▸ to appreciate against the peso and will decrease

▸ to depreciate against the peso and will increase

▸ to depreciate against the peso and will decrease

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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