A low exchange rate results in Select one: a. The imports of a country increasing b. Cheaper imports c. A downward pressure on inflation  d. Encourages foreign direct investment e. The exports of a nation becoming more competitive

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter31: Open-Economy Macroeconomics: Basic Concepts
Section31.2: The Price For International transaction: Real And Nominal Exchange Rate
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A low exchange rate results in
Select one:
a. The imports of a country increasing
b. Cheaper imports
c. A downward pressure on inflation 
d. Encourages foreign direct investment
e. The exports of a nation becoming more competitive
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