Quiz13 chapter13

Macroeconomics plus MyEconLab plus eBook 1-semester Student Access Kit (6th Edition)

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Quiz This activity contains 15 questions.  The nominal exchange rate of the dollar is best defined as the number of units of the foreign goods that it takes to buy a unit of U.S. goods. foreign currency that it takes to buy a unit of U.S. goods. foreign currency that it takes to buy a unit of U.S. assets. foreign currency that it takes to buy a dollar. In a fixed-exchange-rate system, a decline in the value of the dollar would be called _____ of the  dollar. a depreciation a devaluation
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a revaluation an appreciation The idea that similar foreign or domestic goods, or baskets of goods, should have the same price  in terms of the same currency is called purchasing power parity. Okun's law. relative purchasing power parity. Say's law.
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If the real exchange rate rises 2%, domestic inflation is 3%, and foreign inflation is 4%, what is the  percent change in the nominal exchange rate?  -1% 5% 3% 1% If the nominal exchange rate rises 2%, domestic inflation is 3%, and foreign inflation is 4%, what is  the percent change in the real exchange rate?  1% -1% 3% 5%
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Quiz13 chapter13 - Quiz This activity contains 15 questions...

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