Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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In the long run, with variable real exchange rates, if American goods become
less attractive relative to European goods, the dollar will experience a real
and a nominal
|
O appreciation; appreciation
O appreciation; depreciation
O depreciation; appreciation
O depreciation; depreciation
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Transcribed Image Text:In the long run, with variable real exchange rates, if American goods become less attractive relative to European goods, the dollar will experience a real and a nominal | O appreciation; appreciation O appreciation; depreciation O depreciation; appreciation O depreciation; depreciation
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