If 50% of home goods are priced in local currency, then there is (a) ___pass-through implying that a 1% increase in the nominal exchange rate will lead to a____ Group of answer choices full; 1% increase in the real exchange rate and there will be a complete expenditure switching effect. no; 0.5% decrease in the real exchange rate and there will be a complete expenditure switching effect. partial; 0.5% increase in the real exchange rate and there will be a complete expenditure switching effect. partial; 0.5% increase in the real exchange rate and the expenditure switching effect will be muted