If the dollar rose by 35% relative to other currencies,our current account deficit would

Question

Quizplus · Accepted Answer

A stronger dollar means it takes fewer dollars to purchase goods from other countries, so imports become cheaper for US consumers. However, it also makes US goods more expensive for consumers in other countries, which hurts our exports. This would likely lead to an increase in imports and a decrease in exports, ultimately resulting in a higher current account deficit.

If the Dollar Rose by 35% Relative to Other Currencies,our