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qwertybio qwertybio
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2 months ago
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: 3rd
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Akabbett1Akabbett1
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2 months ago
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More solutions for this book are available here
the domestic currency has appreciated and the nominal exchange rate has risen

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qwertybio Author
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2 months ago
Thanks
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You make an excellent tutor!
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Helped a lot
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