An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.

Name: An increase in the exchange rate value of the dollar causes the dollar price of foreign made goods to decrease.
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Question

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When the exchange rate value of the dollar increases, it means that the dollar is worth more compared to other currencies. As a result, the price of foreign made goods in dollars will decrease, making them relatively cheaper for American consumers.

An Increase in the Exchange Rate Value of the Dollar