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If real exchange rate, R(t), is less than 1, it implies A: Relative purchasing power of US consumers for foreign-goods improves B: Competitiveness of US
If real exchange rate, R(t), is less than 1, it implies
A: Relative purchasing power of US consumers for foreign-goods improves | |
B: Competitiveness of US multinationals in foreign markets declines | |
C: Competitiveness of US multinationals in foreign markets improves |
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