If the Real Exchange Rate Is High, Greater Than 1

question 64

Multiple Choice

If the real exchange rate is high, greater than 1

• A)the purchasing power of domestic income has diminished.
• B)the nominal exchange rate is appreciating.
• C)foreign goods would be cheaper than domestic goods.
• D)the nominal exchange rate is depreciating.
• E)it is cheaper to buy goods domestically than abroad.

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Definitions:

Health Promotion

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