Top Posters
Since Sunday
18
13
7
r
6
u
5
5
V
4
b
4
r
4
o
4
d
4
n
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Munze Munze
wrote...
Go to Answer
Posts: 996
Rep: 0 0
5 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 36 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
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
B
1

Related Topics

Munze Author
wrote...
#2
4 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
  295 People Browsing
 228 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 358
  
 190
  
 4
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 456
Previous poll results: Do you believe in global warming?