What happens to U.S. import prices when there is complete currency pass-through following a 10% depreciation of the dollar?

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U.S. import prices decrease by 10%U.S. import prices increase by 10%U.S. export prices increase by 10%U.S. export prices decrease by 10%

Explanation

Complete currency pass-through means that a 10% depreciation of the dollar results in a proportional increase in U.S. import prices by 10%. This occurs because the weaker dollar makes foreign goods more expensive in dollar terms.