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    Principles of Macroeconomics
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    Exam 13: Exchange Rates and the Open Economy
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    Based on This Figure, If the Krone Exchange Rate Is
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Based on This Figure, If the Krone Exchange Rate Is

Question 42

Question 42

Multiple Choice

Based on this figure, if the krone exchange rate is fixed at $0.15 dollars per krone, then the krone is: Based on this figure, if the krone exchange rate is fixed at $0.15 dollars per krone, then the krone is:   A)  devalued B)  revalued C)  overvalued D)  undervalued


A) devalued
B) revalued
C) overvalued
D) undervalued

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