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NYC NYC
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8 years ago
The supply of dollars in the foreign exchange market is likely to be upward sloping because as the price of a dollar (the exchange rate) rises:
A) foreigners demand fewer foreign goods because these goods have become more expensive to foreign consumers.
B) foreigners demand more American goods because these goods have become less expensive to foreign consumers.
C) Americans demand fewer foreign goods because these goods have become more expensive to American consumers.
D) Americans demand more foreign goods because these goods have become less expensive to American consumers.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Good answer, thanks.
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