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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 17
In March 2009 the Canadian dollar was worth $0.78 U.S. dollars. In April 2011 the Canadian dollar was worth $1.06 U.S. dollars. What effect would this increase have on the trade balance between the United States and Canada? Why?
Explanation
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Exchange rate:
The exchange rate refers...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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