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If a currency is said to be overvalued relative to the dollar, then the dollar is understood to be ...

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If a currency is said to be overvalued relative to the dollar, then the dollar is understood to be ...

If a currency is said to be overvalued relative to the dollar, then the dollar is understood to be worth ________.

▸ less of that currency than it would have been under a flexible exchange rate regime

▸ less of that currency than it would have been under a managed exchange rate regime

▸ more of that currency than it would have been under a fixed exchange rate regime

▸ less of that currency than it would have been under a fixed exchange rate regime

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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nyah95 Author

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Thank you, thank you, thank you!

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