1. The Euro appreciated about 15% against the U.S. dollar from January 2008 to November 2009. What impact did this have on consumers and businesses in the U.S. and in the Eurozone area of Europe? Is a falling dollar good or bad for the U.S.? Explain. This phenomenon caused a decrease of demand of Euro zone goods in the U.S. and the international market as well as increase in demand of U.S. goods as they became cheaper compared to those of the Euro zone. Therefore, this phenomenon was good for
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