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    Principles of Economics Study Set 2
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    Exam 32: A Macroeconomic Theory of the Open Economy
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    If the Real Exchange Rate Were Above the Equilibrium Level
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If the Real Exchange Rate Were Above the Equilibrium Level

Question 50

Question 50

Multiple Choice

If the real exchange rate were above the equilibrium level, the currency would:


A) not change
B) appreciate
C) depreciate
D) fluctuate

Correct Answer:

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