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Munze Munze
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7 years ago
Assume that the nominal exchange rate increases by 2%. If prices (both domestic and foreign do not change), we know that
A) domestic goods are now relatively cheaper.
B) domestic goods are now relatively more expensive.
C) foreign goods are now relatively cheaper.
D) both B and C
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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Munze Author
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7 years ago
Smart ... Thanks!
vanna2014
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Yesterday
Helped a lot
patod1
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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