A fall in the demand for U.S. exports would result in a rise in the ex
A fall in the demand for U.S. exports would result in a rise in the exchange rate when
a. there is no capital mobility and exchange rates are allowed to float.
b. there is capital mobility.
c. exchange rates are allowed to float.
d. the country has a balance of payments surplus.
e. both c and d.
ANSWER
C
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