Question
If real exchange rates are measured as foreign inflation divided by domestic inflation proofed for nominal exchange rates, a real exchange rate less than one
If real exchange rates are measured as foreign inflation divided by domestic inflation proofed for nominal exchange rates, a real exchange rate less than one indicates
a) competitiveness of domestic multinationals is unchanged
- relative purchasing power of domestic consumers has improved
- relative purchasing power of foreign consumers has improved
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
