If the real exchange rate in the United States is below the equilibrium level, _____.

If the real exchange rate in the United States is below the equilibrium level, _____.

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 If the real exchange rate in the United States is below the equilibrium level, _____.

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the quantity of dollars supplied will exceed the quantity of dollars demanded

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there will be a shortage of dollars

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the value of dollar will fall

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the demand for dollars by foreigners will balance the supply of dollars from Americans
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