7 min read
This study guide covers currency appreciation and depreciation, focusing on their impact on net exports and aggregate demand (AD). It explains how changes in exports and imports affect AD, output, unemployment, and price levels. Examples, practice questions (multiple-choice and FRQ), and exam tips are included.
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Question 1 of 8
Ready to ace this? 😎 If the U.S. dollar becomes stronger compared to the Euro, this means the dollar has:
Depreciated
Appreciated
Devaluated
Revalued