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1. Calculate the real exchange rate in 1998, where the U.S. price level is equal to 2,750 (measured in $), the Swiss price level is

1. Calculate the real exchange rate in 1998, where the U.S. price level is equal to 2,750 (measured in $), the Swiss price level is equal to 3,212 (measured in SFr) and the initial exchange rate is 1....

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