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If the General Price level (p) in the U.S was 100 in comparison to 85 (P) in Canada on June 30, 2015, what would be
If the General Price level (p) in the U.S was 100 in comparison to 85 (P) in Canada on June 30, 2015, what would be the real CAN/US exchange rate? IF inflation takes place in Canada, causing its general price level to rise to 120, what happens to the nominal and real CAN/US exchange rates? If a Canadian tourist travels to the United States on that day, which would offer the traveler greater buying power? Use table 2.4 for nominal exchange rates.( 1.235 CAN/ USD on June 30 2015 from the table}
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