Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Munze Munze
wrote...
Go to Answer
Posts: 996
Rep: 0 0
7 years ago
Assume that the nominal exchange rate decreases by 4%. If prices (both domestic and foreign do not change), we know that
A) foreign goods are now relatively cheaper.
B) foreign goods are now relatively more expensive.
C) domestic goods are now relatively more expensive.
D) both A and C
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
Read 76 times
2 Replies
Macroeconomics, 6/E (Blanchard, Johnson)
Replies
Answer verified by a subject expert
legendvpnlegendvpn
wrote...
#1
Top Poster
Posts: 686
Rep: 13 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Munze Author
wrote...
#2
6 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1442 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1163
  
 4449
  
 300
Your Opinion
Which is the best fuel for late night cramming?
Votes: 231
Previous poll results: What's your favorite funny biology word?