appreciated ; dech eclated

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 4CQQ
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28. Assuming the exchange rate of the US$ to Mexican Peso (MXN) changes from US$1
MXN 20.44 to US$1 = MXN 22. The value of the US currency has _ in value and that
%3D
US exports to Mexico will
appreciated ; increase
depreciated ; increase
depreciated ; decrease
appreciated ; decrease
Transcribed Image Text:28. Assuming the exchange rate of the US$ to Mexican Peso (MXN) changes from US$1 MXN 20.44 to US$1 = MXN 22. The value of the US currency has _ in value and that %3D US exports to Mexico will appreciated ; increase depreciated ; increase depreciated ; decrease appreciated ; decrease
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