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You noticed that the exchange rate between the Philippines peso and the euro changed considerably. In particular, the :peso exchange rate increased from 30 to

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You noticed that the exchange rate between the Philippines peso and the euro changed considerably. In particular, the :peso exchange rate increased from 30 to 25. a) By what percentage did the value of the euro change with respect to the peso? b) Would you agree that over this period, goods from Philippines became cheaper for Europeans, and why

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