When China joined the World Trade Organization, Americans:

Question

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When China joined the World Trade Organization, it became easier for American firms to import goods from China. This led to an increase in the amount of goods and services imported from China, which, in turn, led to an increase in the supply of the U.S. dollar in the dollar market. According to the law of supply and demand, an increase in the supply of currency leads to a decrease in its value. Therefore, the exchange rate between the U.S. dollar and the Chinese yuan decreased.

When China Joined the World Trade Organization, Americans