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An increase in the value of the domestic currency in terms of the foreign currency means that ________.
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An increase in the value of the domestic currency in terms of the foreign currency means that ________.
An increase in the value of the domestic currency in terms of the foreign currency means that ________.
▸ the domestic currency has appreciated and the nominal exchange rate has risen
▸ the domestic currency has depreciated 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 fallen
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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the domestic currency has appreciated and the nominal exchange rate has risen
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The nominal exchange rate is the
The real exchange rate is the
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qwertybio
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Thanks
patyfeitosa
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You make an excellent tutor!
jaray75
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Helped a lot
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