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When the ratio of domestic prices to foreign prices falls, ________.
RHCP12
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When the ratio of domestic prices to foreign prices falls, ________.
When the ratio of domestic prices to foreign prices falls, ________.
▸ the real exchange rate depreciates only when the nominal exchange rate appreciates
▸ the real exchange rate depreciates even when the nominal exchange rate is constant
▸ the real exchange rate appreciates
▸ the real exchange rate depreciates only when the nominal exchange rate depreciates
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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the real exchange rate depreciates even when the nominal exchange rate is constant
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RHCP12
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3 months ago
Good timing,
thanks!
decibul
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Brilliant
ツ
dearsophia21
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This site is awesome
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