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3. Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 150 euros and the representative U.S.

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3. Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 150 euros and the representative U.S. basket costs $90, and the dollar/euro exchange rate is S0.80 per euro, then the price of the European basket in terms of U.S. basket is

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