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Suppose the exchange rate between USD and Euro was ( $ 0.80 ) per Euro in 2013, and it increased to ( $ 0.90 )
Suppose the exchange rate between USD and Euro was ( $ 0.80 ) per Euro in 2013, and it increased to ( $ 0.90 ) per Euro in 2014. The CPI in US in 2014 rose to 102 , and the CPI in Euro region rose to 106. What is the real exchange rate between USD and Euro in 2014?
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Public Finance
Authors: Steven G. Medema, Carl Sumner Shoup
1st Edition
0202307859, 978-0202307855
