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7 years ago
Suppose that the nominal exchange rate between the dollar and the English pound was 1 pound per $2 and that the English price level was twice that of the United States, then the real exchange rate is
A) 1 pound/$1.
B) 2 pounds/$1.
C) 1 pound/$2.
D) 1 pound/$4.
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Macroeconomics

Macroeconomics


Edition: 12th
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supersuinegsupersuineg
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7 years ago
Thank you, thank you, thank you!
rileyjones420
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You make an excellent tutor!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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