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Consequences of supporting a higher yuan-per-dollar exchange rate are ________, and diplomatic ...

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Consequences of supporting a higher yuan-per-dollar exchange rate are ________, and diplomatic ...

Consequences of supporting a higher yuan-per-dollar exchange rate are ________, and diplomatic issues between China and its trading partners.

▸ a large trade deficit of the United States with China, higher buying power for Chinese workers

▸ a large trade surplus of the United States with China, lower buying power for Chinese workers

▸ a large trade surplus of the United States with China, higher buying power for Chinese workers

▸ a large trade deficit of the United States with China, lower buying power for Chinese workers

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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