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Munze Munze
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6 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
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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6 years ago
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Munze Author
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6 years ago
Thanks for your help!!
veronee_madison
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Yesterday
this is exactly what I needed
Starfiew
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2 hours ago
Correct Slight Smile TY
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