Everything else held constant,a stronger dollar benefits ________ and hurts ________.

Question

Quizplus · Accepted Answer

When the dollar is stronger, American consumers benefit because they can buy foreign goods and services at a lower cost, making imports cheaper. However, American businesses are hurt because a stronger dollar makes their exports more expensive for foreign consumers, reducing sales revenue. Foreign businesses are also hurt because a stronger dollar makes it harder for them to compete with American businesses on price.

Everything Else Held Constant,a Stronger Dollar Benefits ________ and Hurts