Suppose the exchange rate in the year 2017 was 5 yuan per dollar and in 2018 the exchange rate fell to 4 yuan per dollar. If the price of a Chinese jumper was 120 yuan in both years, the new dollar price in 2018 would be ________ and imports of Chinese jumpers would ________.
A) $40; decrease
B) $40; stay the same because the price stayed the same at 120 yuan
C) $30; increase
D) $40; increase
E) $30; decrease
Correct Answer:
Verified
Q50: Q51: If firms' expectations about the future become Q52: If the Reserve Bank increases the quantity Q53: An increase in government expenditure on goods Q54: If the Chinese economy enters a recession,
A)
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