When the dollar appreciates relative to the pound, the pound price of the dollar

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When the dollar appreciates relative to the pound, the pound price of the dollar

When the dollar appreciates relative to the pound, the pound price of the dollar
A) increases.
B) decreases.
C) does not change.
D) increases or decreases, depending on the amount of the depreciation.
E) changes in the next period.

Textbook

Macroeconomics

Edition: 6^th

Authors: Blanchard, Johnson

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