Use the following diagram to answer the following questions.
-Suppose that Toon Land enters an expansionary period and GDP rises by 4.8 percent. If we were examining Toon dollars per U.S. dollar, the increase in GDP would result in:
A) an appreciation of the U.S. dollar.
B) a depreciation of the U.S. dollar.
C) no change in exchange rates.
D) a decrease in Toon Land's imports from the United States.
Correct Answer:
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