Assuming the United States is the "domestic" country, if the real exchange rate between the United States and France increases from 1.5 to 1.8
A) the prices of U.S. goods and services have increased by 20% relative to France.
B) the prices of U.S. goods and services have increased by 53% relative to France.
C) the prices of U.S. goods and services have increased by 3% relative to France.
D) the prices of U.S. goods and services have decreased by 16% relative to France.
A
Economics
You might also like to view...
When Congress established the Federal Reserve in 1913, what was its main responsibility? When did Congress broaden the Fed's responsibilities?
What will be an ideal response?
Economics
A profit-maximizing monopoly will produce that output for which
a. marginal revenue equals price. b. average cost is minimized. c. marginal cost is minimized. d. marginal cost equals marginal revenue.
Economics