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What is happening to the Australian real exchange rate in each of the following situations? Explain. a The Australian nominal exchange rate is unchanged, but

What is happening to the Australian real exchange rate in each of the following situations?

Explain.

a

The Australian nominal exchange rate is unchanged, but prices rise faster in overseas

countries than in Australia.

b

The Australian nominal exchange rate is unchanged, but prices rise slower abroad than

in Australia.

c

The Australian nominal exchange rate declines, and prices are unchanged in Australia

and abroad.

d

The Australian nominal exchange rate declines, and prices rise faster abroad than in

Australia.

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