Suppose that U.S.incomes rise relative to British incomes.Then,
A) the dollar will appreciate and the pound will depreciate
B) the dollar will depreciate and the pound will appreciate
C) the dollar will depreciate and the pound's value will remain constant
D) the dollar will appreciate and the pound's value will remain constant
E) neither the dollar nor the pound will be affected
Correct Answer:
Verified
Q116: When supply and demand analysis is used
Q117: Exhibit 20-4 Q118: Which of the following is not a Q119: An increase in U.S.income that increases American![]()
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