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Macroeconomics homework question
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Hi
I have a question for macroeconomics.
If there is a increase in the income of people in foreign countries, how will this effect the net exports curve, net exports and the value of the dollar?
I figured that exports would increase and the increased trade would cause an increase in the demand for the dollar on the international currency exchange market, resulting in the value of the dollar appreciating. Could anybody tell me if this is right. Thanks
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