Answered: When a country's currency appreciates,…

When a country's currency appreciates, the prices of its exports in terms of foreign currency will ______. remain constant decrease increase fluctuate randomly.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter8: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 7QP

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Question

When a country's currency appreciates, the prices of its exports in terms of foreign currency will ______.
	remain constant
	decrease
	increase
	fluctuate randomly.

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