Suppose Canada Has a Flexible Exchange Rate

question 108

Multiple Choice

Suppose Canada has a flexible exchange rate. If there is a decline in the world price of copper (a major Canadian export) , other exporting sectors of the Canadian economy will likely due to the resulting _ _ of the Canadian dollar.

• A)expand; depreciation
• B)contract; appreciation
• C)expand; the reduced speculative appeal of
• D)contract; depreciation
• E)expand; appreciation

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