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    Macroeconomics Principles
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    Exam 17: Exchange Rates and Macroeconomic Policy
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    If the Dollar-Pound Exchange Rate Is $2
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If the Dollar-Pound Exchange Rate Is $2

Question 109

Question 109

Multiple Choice

If the dollar-pound exchange rate is $2.00 per pound,then a shirt priced at 25 pounds will cost an American


A) $25
B) $50
C) $26
D) $27
E) an amount that cannot be calculated without additional information.

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