Examlex
Everything else held constant,if aggregate output is to the ________ of the LM curve,then there is an excess ________ of money which will cause the interest rate to rise.
Nominal Exchange Rate
The Nominal Exchange Rate is the rate at which one country's currency can be traded for another's, not adjusted for inflation, reflecting the current value of one currency compared to another.
Prices
The monetary value expected, demanded, or delivered in exchange for a good or service.
Real Exchange Rate
The rate at which two currencies can be exchanged, adjusted for inflation, reflecting the actual purchasing power of one currency over another.
Arbitraging
The practice of buying and selling the same asset in different markets to take advantage of differing prices for the same asset.
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