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8. According to the long-run monetary model of the exchange rate, holding all else constant, an increase in foreign real income will cause: a. home

8. According to the long-run monetary model of the exchange rate, holding all else constant, an increase in foreign real income will cause: a. home currency to appreciate. b. foreign currency to depreciate. c. no effect on either Home or Foreign's exchange rates. d. foreign currency to appreciate

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