Multiple Choice
Suppose E decreases by 3%. Which of the following will have occurred as a result of this decrease in E?
A) Real appreciation if P decreases by 3%.
B) Nominal depreciation by 3%.
C) Effective depreciation by 3%.
D) Nominal appreciation by 3%.
E) Real depreciation if P increases by 3%.
Correct Answer:
Verified
Correct Answer:
Verified
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