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Business, 29.02.2020 02:25 portielesc

Assume that the nominal spot exchange rate (USD/EUR) increases by 7.5%, the eurozone price level decreases by 4%, and the US price level increases by 2.5%. The change in the real exchange rate (%) is closest to:a.0.7%.b.−6.3%.c.14.8%.

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Assume that the nominal spot exchange rate (USD/EUR) increases by 7.5%, the eurozone price level dec...
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