If the Dollar Price of the Euro Goes from $1

question 17

Multiple Choice

If the dollar price of the euro goes from $1 to 90 cents, the euro has

• A) appreciated, and Europeans will find U.S. goods cheaper.
• B) appreciated, and Europeans will find U.S. goods more expensive.
• C) depreciated, and Europeans will find U.S. goods cheaper.
• D) depreciated, and Europeans will find U.S. goods more expensive.

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