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When the yuan-dollar real exchange rate appreciates, ________.
bluewiss
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When the yuan-dollar real exchange rate appreciates, ________.
When the yuan-dollar real exchange rate appreciates, ________.
▸ U.S. net exports to China increase, while Chinese net exports to the United States decrease
▸ both U.S. net exports to China and Chinese net exports to the United States increase
▸ both U.S. net exports to China and Chinese net exports to the United States decrease
▸ U.S. net exports to China decrease, while Chinese net exports to the United States increase
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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U.S. net exports to China decrease, while Chinese net exports to the United States increase
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bluewiss
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This calls for a celebration
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