If the exchange rate between the United States and Germany changes from $1 = 1 euro to $1 = 2 euro,

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If the exchange rate between the United States and Germany changes from $1 = 1 euro to $1 = 2 euro,

If the exchange rate between the United States and Germany changes from $1 = 1 euro to $1 = 2 euro, then holding everything else constant, the price of U.S. goods in Germany will increase.
A) True
B) False

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

Read 217 times

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