Under a fixed exchange rate system, if the inflation rate of the United States exceeds the inflation rate of other nations, the

Name: Under a fixed exchange rate system, if the inflation rate of the United States exceeds the inflation rate of other nations, the
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Under a fixed exchange rate system, if the U.S. inflation rate is higher than that of other countries, U.S. goods become relatively more expensive, leading to a decrease in exports and an increase in imports, resulting in a trade deficit.

Under a Fixed Exchange Rate System, If the Inflation Rate