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According to the lecture of the topic Output and the Exchange Rate in the Short Run, which one of the following statements is the MOST
According to the lecture of the topic "Output and the Exchange Rate in the Short Run", which one of the following statements is the MOST accurate? NOTE: We assume the definition of the real exchange rate which we learned in class. a. An increase in the real exchange rate and an increase in disposable income improve the current account. b. A decrease in the real exchange rate and a decrease in disposable income improve the current account. C. A decrease in the real exchange rate and an increase in disposable income improve the current account. d. An increase in the real exchange rate and a decrease in disposable income improve the current account. e. An increase in the real exchange rate and a decrease in disposable income lowers the current account
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