The study of exchange rate determination is a relatively new part of international economics, since Group of
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The study of exchange rate determination is a relatively new part of international economics, since
Group of answer choices
1. the calculations required for this were not possible before modern computers became available.
2. for much of the past century, exchange rates were fixed by government action.
3. economic theory developed by David Hume demonstrated that real exchange rates remain fixed over time.
4. the exchange rate never fluctuates.
5. dynamic overshooting asset pricing models are a recent theoretical development.
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