:d A fine burgundy wine sells for (200 a case in Spain. An equivalent U.S. wine sells for $180 in California. For your answers, use the w words in bright pink as they appear exactly. e the a) Assuming no transactions cost, etc., if the nominal exchange rate is $1.20/E, would you purchase American or Spanish wine? O American .co O Spanish bull b) If the dollar depreciates by 20%, would you purchase American or Spanish wine? shi O American O Spanish or A c) At the new exchange rate (from part b), if prices in the U.S. rise by 30%, would you purchase American or Spanish wine? American O Spanish d) What is the real exchange rate after both the depreciation in part b and the price rise in part c? $ 1.44 /E (Answer to two decimal places.) e) Has the real exchange rate appreciated or depreciated? O Appreciated O Depreciated