Think about your favorite country, and search online for its exchange rate. What is its nominal exchange
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Think about your favorite country, and search online for its exchange rate. What is its nominal exchange rate—that is, the price of its currency in terms of U.S. dollars? Has the currency appreciated or depreciated relative to the U.S. dollar over the course of the past year? Are imports to this country more or less expensive than a year ago? Explain your reasoning.
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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