The net-export effect of contractionary monetary policy is a(n)
A. appreciation of the value of the dollar and the decrease of U.S. net exports.
B. depreciation of the value of the dollar and the decrease of U.S. net exports.
C. appreciation of the value of the dollar and the increase of U.S. net exports.
D. depreciation of the value of the dollar and the increase of U.S. net exports.
Answer: A
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