Assume the dollar price of one euro increases from $1.20 to $1.50. What is happening to the dollar, and what will happen to European exports to the United States, ceteris paribus?
U.S. Dollar Depreciation European Exports to the United States Decrease

U.S. Dollar Depreciation European Exports to the United States Increase

U.S. Dollar Appreciation European Exports to the United States Decrease

U.S. Dollar Appreciation European Exports to the United States Increase

U.S. Dollar Appreciation European Exports to the United States no change