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When I was in school, one of my professors was fond of saying that a strong dollar is good for the US. Well, the dollar is currently rising, but no one is cheering. Why not? Diagram a market for the US dollar and show it (1) rising and (2) falling against the currencies of its major trading partners. Explain the relationship between the (1) strength and (2) weakness of the dollar to US production, employment, and inflation.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91230641

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