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Question 18 1 pts Suppose the pound devalues from $1.25 at the start of the year to $1.00 at the end of the year. Inflation
Question 18 1 pts Suppose the pound devalues from $1.25 at the start of the year to $1.00 at the end of the year. Inflation during the year is 15% in England and 5% in the U.S. What is the real devaluation (-) or real revaluation (+) of the pound during the year? -12.38% -20.71% 2.39% 1.46%
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