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Over a period of time, the nominal exchange rate (CAD/USD) has increased by 2%, the price level in the United States has decreased by

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Over a period of time, the nominal exchange rate (CAD/USD) has increased by 2%, the price level in the United States has decreased by 4%, while the price level in Canada has increased by 5%. The change in real exchange rate (CAD/USD) is closest to: O-6.74% 2.98% 1.03%

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