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An increase in the value of the foreign currency in terms of the domestic currency means that ________.
pgakui
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An increase in the value of the foreign currency in terms of the domestic currency means that ________.
An increase in the value of the foreign currency in terms of the domestic currency means that ________.
▸ the foreign currency has appreciated and the nominal exchange rate has risen
▸ 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 foreign currency has appreciated and the nominal exchange rate has fallen
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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the foreign currency has appreciated and the nominal exchange rate has fallen
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The nominal exchange rate is the
The real exchange rate is the
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________: the number of units of foreign currency that can be exchanged for one unit of domestic currency.
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A decrease 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 ________.
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A decrease in the value of the foreign currency in terms of the domestic currency means that ________.
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If a country wants to keep a foreign currency overvalued against its domestic currency, ________.
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If a country wants to keep a foreign currency undervalued against its domestic currency, ________.
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pgakui
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3 months ago
I appreciate what you did here, answered it right
cipcal
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Helped a lot
2ne1_12345
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You make an excellent tutor!
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