If the rate of growth of labor productivity in the United States rises relative to the rate of growth of labor productivity in other countries,the dollar's exchange value will depreciate.

Question

Quizplus · Accepted Answer

The statement is false. The rate of growth of labor productivity in the United States rising relative to other countries would increase the demand for US goods and services, leading to an appreciation of the dollar's exchange value.

If the Rate of Growth of Labor Productivity in the United