The nation of Ectenia has long banned the export of its highly prized puka shells. A newly elected president, however, removes the export ban. This change in policy will cause the nation’s currency to ________, making the goods Ectenia imports __________ expensive. a. appreciate, less b. appreciate, more c. depreciate, less d. depreciate, more
Brief Principles of Macroeconomics...
Brief Principles of Macroeconomics...
The nation of Ectenia has long banned the export of its highly prized puka shells. A newly elected president, however, removes the export ban. This change in policy will cause the nation’s currency to ________, making the goods Ectenia imports __________ expensive.
a. appreciate, less
b. appreciate, more
c. depreciate, less
d. depreciate, more
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