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Barbmat Barbmat
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5 years ago
Assuming the United States is the "domestic" country, if the real exchange rate between the United States and Russia decreases from 28 to 23,
A) the prices of U.S. goods and services have decreased by 5% relative to Russia.
B) the prices of U.S. goods and services have increased by 25.5% relative to Russia.
C) the prices of U.S. goods and services have decreased by 18% relative to Russia.
D) the prices of U.S. goods and services have increased by 22% relatAnswer: ussia.
Textbook 
InMacro

InMacro


Edition: 1st
Authors:
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#1
5 years ago
ussia.
Answer: C
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