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★ѕραndavir ★ѕραndavir
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7 years ago
Assume that the price level in both the United States and Europe is 200, and that the real and nominal exchange rate is 6 euros per dollar. If the price level in the United States increases by 20 percent, what must the nominal exchange rate be if the real exchange rate is to remain the same?
A) 6 euros per dollar.
B) 5 euros per dollar.
C) 8 euros per dollar.
D) 7 euros per dollar.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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7 years ago
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★ѕραndavir Author
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7 years ago
Thanks
oscar520000
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
cartoon
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2 hours ago
Good timing, thanks!
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