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Consider the following changes in prices and changes in exchange rates: Europe inflation 2% United States inflation 4% Dollar depreciation 3% Given this information, how

Consider the following changes in prices and changes in exchange rates: Europe inflation 2% United States inflation 4% Dollar depreciation 3% Given this information, how would the U.S. competitive position change? Group of answer choices The US becomes more competitive The US becomes less competitive The competitive position of the US does not change, because the real exchange rate is 1. Cannot be determined with the information given

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