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