Multiple Choice
Other things the same,the real exchange rate between American and British goods would be higher if
A) prices of British goods were higher,or the number of pounds a dollar purchased was higher.
B) prices of British goods were higher,or the number of pounds a dollar purchased was lower.
C) prices of British goods were lower,or the number of pounds a dollar purchased was higher.
D) prices of British goods were lower,or the number of pounds a dollar purchased was lower.
Correct Answer:

Verified
Correct Answer:
Verified
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