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Suppose the price of a Big Mac in 2020 in the United States was $3.50, and SKr 38.4 in Sweden, and the exchange rate between
Suppose the price of a Big Mac in 2020 in the United States was $3.50, and SKr 38.4 in Sweden, and the exchange rate between the Swedish Kroner and the U.S. dollar was given by, ESKr/$ = SKr8.98/$. Based on these information, in 2020, qSweden/U.S was _____, the U.S. dollar was _____against Krone, and the U.S. dollar was expected to have a real ________
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