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    Exam 14: Exchange Rates I: the Monetary Approach in the Long Run
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    As Economies Adjust to Inflation, There Is an Adjustment of Exchange
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As Economies Adjust to Inflation, There Is an Adjustment of Exchange

Question 84

Question 84

Multiple Choice

As economies adjust to inflation, there is an adjustment of exchange rates to reflect the changed price level. This adjustment is called:


A) real exchange rates.
B) convergence.
C) adjustment costs.
D) revaluation.

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