Question

In broad real terms, the dollar
a. depreciated against other currencies in the second half of the 1990s and in the early 2000s.
b. depreciated against other currencies in the second half of the 1990s and appreciated against those currencies in the early 2000s.
c. appreciated against other currencies in the second half of the 1990s and in the early 2000s.
d. appreciated against other currencies in the second half of the 1990s and depreciated against those currencies in the early 2000s.

Answer

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