If the Goods' Money Prices Do NOT Change, an Appreciation

question 6

Multiple Choice

If the goods' money prices do NOT change, an appreciation of the dollar against the pound

• A) makes British sweaters cheaper in terms of American jeans.
• B) makes British sweaters more expensive in terms of American jeans.
• C) doesn't change the relative price of sweaters and jeans.
• D) makes American jeans cheaper in terms of British sweaters.
• E) makes British jeans more expensive in Britain.

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