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An increase in the real exchange rate indicates that
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An increase in the real exchange rate indicates that
An increase in the real exchange rate indicates 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
Edition:
6
th
Authors:
Blanchard, Johnson
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Macroeconomics, 6/E (Blanchard, Johnson)
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