What does it mean to say that, at an exchange rate of 1 USD = 60 INR,

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What does it mean to say that, at an exchange rate of 1 USD = 60 INR, the U.S. dollar is overvalued and the Indian rupee is undervalued?

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Macroeconomics

ISBN: 9780367752279

Global Edition

Authors: Acemoglu Daron, Laibson David, List John.

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Question Posted: Nov 18, 2024 03:01 AM

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What does it mean to say that, at an exchange rate of 1 USD = 60 INR, the U.S. dollar is overvalued and the Indian rupee is undervalued?
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What does it mean to say that, at an exchange rate of 1 USD = 60 INR,

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Macroeconomics

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