What happens when U.S. and U.K. prices remain unchanged but the U.S. dollar appreciates by 2% against the British pound?
a. U.S. exports to the United Kingdom increase.
b. U.S. net exports to the United Kingdom decrease.
c. U.S. imports from the United Kingdom fall.
d. U.S. net exports do not change because net exports are acyclical.
.B
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