30Exchange Rates International CompetitivenessMedium1 mark
What is the consequence of an appreciation of the exchange rate on the current account of the balance of payments and the price level?
| current account of the balance of payments | price level | |
|---|---|---|
| A | improves | decreases |
| B | improves | increases |
| C | worsens | decreases |
| D | worsens | increases |