Question: Other things the same, the real exchange rate between American and Chinese goods would be higher if A . prices of Chinese goods were higher,
Other things the same, the real exchange rate between American and Chinese goods would be higher if
A prices of Chinese goods were higher, or the number of yuan a dollar purchased was higher. B prices of Chinese goods were higher, or the number of yuan a dollar purchased was lower. C prices of Chinese goods were lower, or the number of yuan a dollar purchased was higher. D prices of Chinese goods were lower, or the number of yuan a dollar purchased was lower.
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