Suppose the real exchange rate of 10 Mexican pesos to the dollar changes to 9 pesos to the dollar. In this situation, the dollar has __________________, making American goods __________ expensive for Mexicans
A) appreciated; less
B) appreciated; more
C) depreciated; less
D) depreciated; more
C
Economics
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In a market economy, government decides the answers to the three economic decisions
a. True b. False Indicate whether the statement is true or false
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