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Munze Munze
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6 years ago
Suppose that over the past decade, U.S. inflation is greater than that in Mexico. Further assume that during this same period, the dollar appreciates relative to the Mexican peso. Given this information,
A) the real exchange rate remains unchanged.
B) the real exchange rate must decrease.
C) the real exchange rate must increase.
D) the real exchange rate can increase or remain the same, but not decrease.
E) the real exchange rate can decrease or remain the same, but not increase.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
Read 39 times
2 Replies
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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5 years ago
Thanks so much Smiling Face with Open Mouth Slight Smile
Macroeconomics, 6/E (Blanchard, Johnson)
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