Q
Given a system of floating exchange rates falling income in the United States would trigger a (an) ?
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A
A. Increase in the demand for imports and an increase in the demand for foreign currency
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B
B. Increase in the demand for imports and a decrease in the demand for foreign currency
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C
C. Decrease in the demand for imports and an increase in the demand for foreign currency
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D
D. Decrease in the demand for imports and a decrease in the demand for foreign currency
Correct Answer:
D. D. Decrease in the demand for imports and a decrease in the demand for foreign currency
