In the Short Run, a Change in the Nominal Exchange

question 215

True/False

In the short run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.

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Definitions:

Gregariousness

The quality of being fond of company; sociability.

Cheerfulness

A state of being noticeably happy and optimistic.

Big Five Trait

Components of a personality theory that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Traits

Enduring personal qualities or attributes that influence behavior, thoughts, and emotions.