All Else Being Equal,if the Rate of Growth in Productivity

question 70

Multiple Choice

All else being equal,if the rate of growth in productivity in countries that use the euro is greater than the rate of growth in productivity in the United States,the euro

• A)will decrease in value relative the U.S.dollar.
• B)will increase in value relative to the U.S.dollar.
• C)will nominally appreciate against the dollar,but its real value relative to the dollar will remain unchanged.
• D)will nominally depreciate against the dollar,but its real value relative to the dollar will remain unchanged.

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