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What would happen if the United States government had to devalue the dollar? O It would lower the cost of American goods abroad. O It would make trips to other countries less expensive for American tourists. O It would reduce the cost of purchasing goods from abroad. OIt would discourage the sale of domestic goods. O It would make trips to the United States more expensive for foreign tourists.

What would happen if the United States government had to devalue the dollar? O It would lower the cost of American goods abroad. O It would make trips to other countries less expensive for American tourists. O It would reduce the cost of purchasing goods from abroad. OIt would discourage the sale of domestic goods. O It would make trips to the United States more expensive for foreign tourists.

MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter19: The International Monetary System: Order Or Disorder
Section: Chapter Questions
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What would happen if the United States government had to devalue the dollar? O It would lower the cost of American goods abroad. OIt would make trips to other countries less expensive for American tourists. O It would reduce the cost of purchasing goods from abroad. It would discourage the sale of domestic goods. It would make trips to the United States more expensive for foreign tourists.
Transcribed Image Text:What would happen if the United States government had to devalue the dollar? O It would lower the cost of American goods abroad. OIt would make trips to other countries less expensive for American tourists. O It would reduce the cost of purchasing goods from abroad. It would discourage the sale of domestic goods. It would make trips to the United States more expensive for foreign tourists.
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