The economy is operating at the full-employment level of output. A depreciation of the dollar will most likely result in
A) a decrease in exports
B) an increase in imports
C) a decrease in real GDP
D) an increase in the price level
Answer: D
The economy is operating at the full-employment level of output. A depreciation of the dollar will most likely result in
A) a decrease in exports
B) an increase in imports
C) a decrease in real GDP
D) an increase in the price level
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