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Chako Chako
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8 years ago
The domestic currency price of a representative foreign expenditure basket is
A) P, the domestic price level.
B) P times E, the domestic price level times the domestic price level.
C) E, the nominal exchange rate.
D) P, the foreign price level.
E) P times E, the foreign price level times the nominal exchange rate.
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
Makes a lot of sense, and you're right.. I appreciate the input
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#3
7 years ago
Don't forget to vote my answer as best Nerd Face
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