Find the increased value of the dollar

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Question: When energy shocks have occurred in the past and the price of imported oil has soared, both the US trade balance and the value of the dollar have increased, even though the US imports about half its oil. Explain why this occurs. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131737466

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