Question: Indicate whether the following proposition is *True, False or Uncertain*. Support your answer with an aid of an example. Over the last 50 years, countries

Indicate whether the following proposition is *True, False or Uncertain*. Support your answer with an aid of an example.

"Over the last 50 years, countries that maintained an overvalued real exchange rate have grown faster than those that adopted the opposite strategy, because an overvalued real exchange rate favoured their domestic producers". *(10 Marks)*

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