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Assume That the Price Level in Both the United States

question 93

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Assume that the price level in both the United States and Europe is 200,and that the real and nominal exchange rate is 6 euros per dollar.If the price level in the United States increases by 20 percent,what must the nominal exchange rate be if the real exchange rate is to remain the same?


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Content that shows sexual acts or arousal intended to stimulate erotic rather than aesthetic or emotional feelings.

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