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If the real exchange rate rises 4%, domestic inflation is 3%, and foreign inflation is 4%, what is the approximate percent change in the nominal
If therealexchange rate rises 4%, domestic inflation is 3%, and foreign inflation is 4%, what is the approximate percent change in thenominalexchange rate? (Submit your answer with up to two decimals and in percent terms, i.e., 10.22 for 10.22% and 11.44 for 11.442%. Include theminus(-) symbol when the number is negative, like "change by -2.11%").
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