Macr Milestone 1.docx - If one dollar can purchase 0.74...

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If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base currency?1.251.350.650.85
CONCEPTForeign Exchange and Currency2
CONCEPTElasticity3Which statement below about the exchange rate is FALSE?
CONCEPTForeign Exchange and Currency4If the price of a gallon of gasoline in California was $0.99 in 1997 and is currently $3.69, prices have increased by which factor below?
5Which of the following is the point in the business cycle that marks the lowest period of growth in GDP for a specific period?RecessionTroughPeak ExpansionCONCEPTBusiness Cycles - Expansionary/Recessionary (NBER)

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