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Chako Chako
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8 years ago
For main industrial countries such as Japan and the U.S.
A) it is hard to tell whether month-to-month variability of the exchange rate is similar to changes in price levels.
B) there is much more month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the short run.
C) there is much less month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the short run.
D) there is much more month-to-month variability of the exchange rate, suggesting that price levels are relatively sticky in the long run.
E) there is almost the same month-to-month variability of the exchange rate and price levels.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
7 years ago
Happy to help you!
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