Rampant ination in Argentina has changed the value of its peso dramatically in recent months. 6 months ago, $1 bought 50 pesos. Now, $1 buys 110 pesos. Assuming the peso oats against the dollar, what has happened to the value of the peso? Peso revalued Peso devalued Peso appreciated " Peso depreciated If we only consider labor market effects, which of the following are true? Check all that apply. " Receiving countries gain " Receiving countries lose " Sending countries lose ' " Sending countries gain