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How would you convert the Dollar price of the US basket of goods and services into the Dollar price ...
NNF1024
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How would you convert the Dollar price of the US basket of goods and services into the Dollar price ...
How would you convert the Dollar price of the US basket of goods and services into the Dollar price of the Chinese basket?
▸ Multiply by the real exchange rate
▸ Divide by the real exchange rate
▸ Multiply by the nominal exchange rate
▸ Divide by the nominal exchange rate
Textbook
Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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Divide by the real exchange rate
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Smart ... Thanks!
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Brilliant
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