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bbergeron11 bbergeron11
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A year ago
The change in the Dollar price of a basket of goods and services in the US is also the inflation rate in the US. Similarly, the change in the Yuan prices of goods and services in China is the inflation rate in China. If the nominal exchange rate between the Dollar and Yuan were fixed, and inflation in China were higher than of inflation in the US, what would happen to the overall real exchange rate for the Unites States and China?

▸ It would stay the same.

▸ It would first increase then decrease.

▸ It would increase.

▸ It would decrease.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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Cow5215Cow5215
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A year ago
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bbergeron11 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Cdfields
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This helped my grade so much Perfect
paulinaibarra98
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2 hours ago
Just got PERFECT on my quiz
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