29 July, 09:17

Suppose that the United States and China trade exclusively with each other. What will happen to the value of the U. S. dollar, ceteris paribus, if the price level in China rises faster than the price level in the United States?

a. The U. S. dollar will appreciate.

b. The U. S. dollar will depreciate.

c. The U. S. dollar will not change in value.

d. NOT the value will not change

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