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If we set the real effective exchange rate index between Canada and the US equal to 100 in base year, and find that the real

If we set the real effective exchange rate index between Canada and the US equal to 100 in base year, and find that the real exchange index of the US dollar has risen to a value of 114, then from a competitive perspective, the US dollar is

Group of answer choices

undervalued

very competitive

overvalued

none of the above

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