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    Principles of Economics
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    Exam 31: Open-Economy Macroeconomics: Basic Concepts
  5. Question
    When the Big Mac in the Euro Costs More Than
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When the Big Mac in the Euro Costs More Than

Question 2

Question 2

Multiple Choice

When the Big Mac in the euro costs more than it does in converted US dollars we can say the currency _____.


A) should not be measured in this way
B) is difficult to value, as currencies are volatile
C) is undervalued
D) is overvalued

Correct Answer:

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