In Chapter 20,the Expected Future Nominal Exchange Rate in the Long

question 53

Multiple Choice

In chapter 20,the expected future nominal exchange rate in the long run say,Eᵉt₊n,is assumed to be the nominal exchange rate at which

• A)the current account is in balance.
• B)the future rate of appreciation or depreciation is constant.
• C)domestic and foreign price levels are equal.
• D)one unit of foreign currency exchanges for one unit of domestic currency.
• E) none of the above

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