From the perspective of the United States, a reduction in the nominal exchange rate will cause which of the following?
A) The dollar becomes more expensive to foreigners.
B) Foreign goods are less expensive to Americans.
C) Foreign currency is less expensive to Americans.
D) American goods are less expensive to foreigners.
E) none of the above
D
Economics
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A) Net Product Value B) Gross National Product C) Total Product D) Gross Domestic Product
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Explain how a model can be useful even if it is not realistic
What will be an ideal response?
Economics