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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 23
Use the following data to work Problem. In June 2011, the exchange rate was 0.69 euros per U.S. dollar. In June 2012, the exchange rate was 0.79 euros per U.S. dollar.
Explain the imports effect of this change in the exchange rate.
Explain the imports effect of this change in the exchange rate.
Explanation
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Verified
Appreciation of the U.S. dollar value:
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Macroeconomics 11th Edition by Michael Parkin
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