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Based on the graph below, we observe that over the past five years, the exchange rate between British pound and U.S. dollar, $/, has changed
Based on the graph below, we observe that over the past five years, the exchange rate between British pound and U.S. dollar, $/, has changed from about 1.29 to about 1.38. Would you agree that over this period British goods have become more expensive for buyers in the United States?
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