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Munze Munze
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6 years ago
A nominal appreciation of the Mexican peso (against all currencies) indicates that
A) the peso price of foreign currency has risen.
B) the Mexican real exchange rate will not change if the price level in Mexico falls.
C) the peso price of, for example, the U.K. pound has decreased.
D) the number of units of foreign currency that one can obtain with one peso has increased.
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Macroeconomics

Macroeconomics


Edition: 6th
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Macroeconomics, 6/E (Blanchard, Johnson)
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vonCOLLINZOvonCOLLINZO
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6 years ago
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Munze Author
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#2
5 years ago
Thanks so much Smiling Face with Open Mouth Slight Smile
Macroeconomics, 6/E (Blanchard, Johnson)
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