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

If real exchange rate, R(t), is less than 1, it implies

A: Relative purchasing power of US consumers for foreign-goods improves

B: Competitiveness of US multinationals in foreign markets declines

C: Competitiveness of US multinationals in foreign markets improves

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