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vellojo vellojo
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Posts: 2982
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7 years ago
The international substitution effect of a change in the price level results from a
A) change in the price of foreign goods relative to domestic goods.
B) change in the price of current goods relative to future goods.
C) change in the purchasing power of wealth.
D) Both answers B and C are correct.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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3 Replies
Studying economics @ Edinburgh U
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ukraniaukrania
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Posts: 1046
7 years ago
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vellojo Author
wrote...
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
wrote...
7 years ago
Happy to help Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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