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how do u measure whats more expensive less expenisve using the real echange rate, e.g RER between Canada and China is 0.54 RER = 5
how do u measure whats more expensive less expenisve using the real echange rate, e.g RER between Canada and China is 0.54 RER = 5 yuan * 3000 CAD/28000 yuan, how would u find the RER of China relative to Canada and then compare the echnage rate s
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Economics
Authors: Gregory Mankiw, Mark P. Taylor
5th Edition
1473768543, 978-1473768543
