8) Following the example of the shirts, if its price is lower in NYC than in London, we would expect from the arbitrage process: a) a weakening of the dollar b) a strengthening of the pound - correct c) no impact on the pound d) an appreciation of the dollar 9) If R is grander than R*, then: a) inflation in the U.K. exceeds inflation in the U.S. - correct b) the percentage change of the exchange rate is negative c) the pound appreciates d) none of the above