11. If American auto companies make a breakthrough in automobile technology and are able to produce a

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11. If American auto companies make a breakthrough in automobile technology and are able to produce a car that gets 60 miles to the gallon, what will hap- pen to the U.S. exchange rate?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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