Review nominal exchange rate (e nom ) and real exchange rate (e or RER). How are changes
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Question:
Review nominal exchange rate (enom) and real exchange rate (e or RER). How are changes in the RER and the nominal exchange rate related? Please note that traders check enom daily at several intervals (minute by minute, every 5 minutes, etc.) and economists build models of trade or the current account with e. For economists to rely on RER, which piece of information is available less frequently? Explain.
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