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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
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supersuinegsupersuineg
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★ѕραndavir Author
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7 years ago
This helped my grade so much Perfect
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Just got PERFECT on my quiz
joyceess
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Correct Slight Smile TY
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