If the exchange rate between the United States and Greece changes from $1 = 1 euro to $1 = 2 euros, then holding everything else constant, the price of U.S. goods in Greece will increase.

Question

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The price of U.S. goods in Greece will increase because the euro has become more expensive relative to the dollar. This means that it will take more euros to buy the same amount of U.S. goods.

If the Exchange Rate Between the United States and Greece