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Last Week, 16 Mexican Pesos Could Purchase One Canadian Dollar

Question 191

Multiple Choice

Last week, 16 Mexican pesos could purchase one Canadian dollar.This week, it takes 14 Mexican pesos to purchase one Canadian dollar.This change in the value of the dollar will ________ exports from Canada to Mexico and ________ Canadian aggregate demand.


A) increase; increase
B) decrease; decrease
C) increase; decrease
D) decrease; increase

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