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A decrease in the value of the domestic currency in terms of the foreign currency means that ________.

CLopez678

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A decrease in the value of the domestic currency in terms of the foreign currency means that ________.

A decrease in the value of the domestic currency in terms of the foreign currency means that ________.

▸ the domestic currency has depreciated and the nominal exchange rate has fallen

▸ the domestic currency has appreciated and the nominal exchange rate has fallen

▸ the domestic currency has depreciated and the nominal exchange rate has risen

▸ the domestic currency has appreciated and the nominal exchange rate has risen

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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JulzMarie

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CLopez678 Author

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this is exactly what I needed

Marcie D

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This helped my grade so much Perfect

megan.xo

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Good timing, thanks!

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