According to the general equilibrium approach of open-economy macroeconomic model,if South Korea had a significant technological progress in the past decade,which allowed them to produce more goods at much lower prices than the rest of the world,then we would expect the Korean won to __________.
A) appreciate
B) depreciate
C) stay the same
D) None of the above is correct, since productivity has nothing to do with exchange rate.

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The Answer of According to the general equilibrium approach of open-economy macroeconomic model,if South Korea had a significant technological progress in the past decade,which allowed them to produce more goods at much lower prices than the rest of the world,then we would expect the Korean won to __________.
A) appreciate
B) depreciate
C) stay the same
D) None of the above is correct, since productivity has nothing to do with exchange rate.

According to the General Equilibrium Approach of Open-Economy Macroeconomic Model,if