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Vethier 2016 Vethier 2016
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5 months ago
One dollar could be exchanged for 55 rupees in 2013 and for 60 rupees in 2014. This implies that the ________.

▸ rupee appreciated in 2014

▸ nominal exchange rate did not change in 2014

▸ real exchange rate did not change in 2014

▸ dollar appreciated in 2014
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Macroeconomics


Edition: 3rd
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tk9790tk9790
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5 months ago
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dollar appreciated in 2014

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Vethier 2016 Author
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