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Exchange Rates in What Is Termed the "Medium Run

Question 117

Multiple Choice

Exchange rates in what is termed the "medium run"


A) will be altered by an economic upswing because consumers buy more goods including imports when disposable income goes up.
B) will be unaffected by economic changes in personal income or consumption spending.
C) will appreciate for a country having an economic boom when others are not.
D) All of the above are correct.

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