Suppose that you are considering going on vacation abroad and that the euro has appreciated by 15% with respect to the U.S. dollar.
Which of the following statements are likely to be true if you are planning a trip to Rome and Paris? (Select all that apply.)
A. Goods and services in Rome and Paris would now be 15% cheaper.
B. You would be more willing to visit Rome and Paris.
C. You would be less willing to visit Rome and Paris.
D. Goods and services in Rome and Paris would now be 15% more expensive.