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True, false and uncertain. Explain. a. Although the export ratio can be larger than one - as it is in Singapore - the same cannot
True, false and uncertain. Explain. a. Although the export ratio can be larger than one - as it is in Singapore - the same cannot be true of the ratio of imports to GDP. b. The nominal exchange rate and the real exchange rate usually move in the same direction. c. If the dollar is expected to appreciate against the yen, uncovered interest parity implies that the US nominal interest rate must be greater than the Japanese nominal interest rate
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