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smitch6 smitch6
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6 years ago
If the real exchange rate is high, greater than 1,
A) it is cheaper to buy goods domestically than abroad.
B) foreign goods would be cheaper than domestic goods.
C) the nominal exchange rate is depreciating.
D) the nominal exchange rate is appreciating.
E) the purchasing power of domestic income has diminished.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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6 years ago
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