Question
suppose the pound appreciates from US1.3/ at the start of the year to US1.32/ at the end of the year. Inflation rate during the year
suppose the pound appreciates from US1.3/ at the start of the year to US1.32/ at the end of the year. Inflation rate during the year is 0.3%in the UK and 6.9% in the US. what has been the percentage change in the real value of pound during the year.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
