Suppose the cost of the market basket in the United States is P_US = 190. Check the real exchange rate q, and determine whether we should expect a real appreciation or real depreciation for Mexico (relative to the United States) in the long run. Current exchange rate is E_USD/MEX = 0.0908, and the price of market basket in Mexico (P_MEX) is 1, 800. (a) q = 0.86, Mexican peso is undervalued and real exchange rate will appreciate. (b) q = 1.15, Mexican peso is overvalued and real exchange rate will appreciate. (c) q = 1.65, Mexican peso is overvalued and real exchange rate will depreciate. (d) q = 0.74, Mexican peso is undervalued and real exchange rate will depreciate