The Increase in the Real Exchange Rate Shows

question 46

Multiple Choice

The increase in the real exchange rate shows

• A)the increase in the ratio of domestic to foreign prices
• B)the increase in foreign prices expressed in U.S. dollars relative to prices of goods produced in the U.S.
• C)the decrease in foreign prices expressed in U.S. dollars relative to prices of goods produced in the U.S.
• D)the decrease in competitiveness of U.S. goods
• E)the decrease in the dollar price of foreign exchange

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Definitions:

National Workshops

were government-funded job programs in France during the 1848 Revolution, intended to provide work for the unemployed but were ultimately unsuccessful.

Unemployed

The state of not having paid employment but being available to work.

Revolutionary Clubs

Informal political groups that emerged during revolutions, especially in France, providing a platform for political discussion and action among the common people.

Frankfurt Parliament

An unofficial national assembly convened in 1848 at St. Paul's Church in Frankfurt am Main, aimed at unifying the German states into a single nation.