12 Reconcile a rising domestic-currency price and a falling foreign-currency price for an imported good after a

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12 Reconcile a rising domestic-currency price and a falling foreign-currency price for an imported good after a devaluation of the domestic currency. Why does this mean that the domestic-currency price rises by less than the percentage of devaluation?

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International Finance

ISBN: 9780070374812

4th Edition

Authors: Maurice D. Levi

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