Everything else constant, if income in the U.S. rises relative to income in the U.K. then the pound should appreciate against the dollar.

Name: Everything else constant, if income in the U.S. rises relative to income in the U.K. then the pound should appreciate against the dollar.
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Question

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If U.S. income rises relative to U.K. income, Americans may demand more British goods, increasing demand for pounds and causing the pound to appreciate against the dollar.

Everything Else Constant, If Income in the U