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    Applied International Economics
  4. Exam
    Exam 14: Exchange Rates and Their Determination: A Basic Model
  5. Question
    Nominal Exchange Rates Are Calculated by Adjusting the Exchange Rate
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Nominal Exchange Rates Are Calculated by Adjusting the Exchange Rate

Question 56

Question 56

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Nominal exchange rates are calculated by adjusting the exchange rate for changes in the price levels in the two countries.

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