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testipw testipw
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1 months ago
Which of the following is likely to be TRUE of the nominal and the real exchange rates in the short run and in the long run if prices in two countries do not respond to exchange rate changes?

▸ The real and the nominal exchange rates between the currencies move proportionally in the short run but not in the long run.

▸ The real and the nominal exchange rates between the currencies move proportionally in the long run but not in the short run.

▸ The real and the nominal exchange rates between the currencies remain constant over time.

▸ The real and the nominal exchange rates between the currencies move proportionally in both the short run and the long run.
Textbook 

Macroeconomics


Edition: 3rd
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letssdoothissletssdoothiss
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1 months ago
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The real and the nominal exchange rates between the currencies move proportionally in the short run but not in the long run.

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testipw Author
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1 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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Yesterday
Smart ... Thanks!
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2 hours ago
Thanks
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