What might have caused this change

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Question: If the exchange rate between U.S. dollars and Chinese yuan changed from 7 yuan per dollar to 9 yuan per dollar, what might have caused this change? Domestic U.S. prices for all goods increased. Foreign prices decreased. The interest rate differential shrank as investments in China got higher returns. The U.S. stock market continued to show strong growth and the interest rate differential grew.

Reference no: EM133711086

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