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When a currency is overvalued relative to the dollar, then its exchange rate with respect to the ...
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When a currency is overvalued relative to the dollar, then its exchange rate with respect to the ...
When a currency is overvalued relative to the dollar, then its exchange rate with respect to the dollar is ________.
▸ below the equilibrium
▸ said to be flexible
▸ above the equilibrium
▸ at the equilibrium
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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above the equilibrium
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