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Suppose the Real Exchange Rate of 10 Mexican Pesos to the Dollar

Question 91

Multiple Choice

Suppose the real exchange rate of 10 Mexican pesos to the dollar moves to 9 pesos to the dollar.The dollar has __________________,making American goods __________ expensive for Mexicans.


A) appreciated; less
B) appreciated; more
C) depreciated; less
D) depreciated; more

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