Question: If real exchange rate, R(t), is less than 1 , it implies: Relative purchasing power of US consumers for foreign-goods improves Competitiveness of US multinationals

If real exchange rate, R(t), is less than 1 , it implies: Relative purchasing power of US consumers for foreign-goods improves Competitiveness of US multinationals in foreign markets declines Competitiveness of US multinationals in foreign markets improves

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