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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

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Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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Jaynie

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pgakui Author

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Smart ... Thanks!

veronee_madison

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Good timing, thanks!

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This site is awesome

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