Define the value of the dollar relative to the euro

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Reference no: EM131443729

Question: How are each of the following events likely to affect the value of the dollar relative to the euro?

a. interest rates in the European Union increase relative to the United States

b. the European Union price level rises relative to the U.S. price level

c. the European central bank intervenes by selling dollars on currency markets

d. the price level in the United States falls relative to the price level in Europe

Reference no: EM131443729

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