A) an increase in the price level
B) a reduction in the foreign price level
C) an increase in the domestic interest rate
D) a devaluation of the currency
E) none of the above
ANSWER:
D) a devaluation of the currency
A) an increase in the price level
B) a reduction in the foreign price level
C) an increase in the domestic interest rate
D) a devaluation of the currency
E) none of the above
ANSWER:
D) a devaluation of the currency