What is happening to the U.S. real exchangerate in each of the following situations
Chapter 18, Problem 7(choose chapter or problem)
What is happening to the U.S. real exchangerate in each of the following situations? Explain.a. The U.S. nominal exchange rate isunchanged, but prices rise faster in theUnited States than abroad.b. The U.S. nominal exchange rate isunchanged, but prices rise faster abroad thanin the United States.c. The U.S. nominal exchange rate declines, andprices are unchanged in the United Statesand abroad.d. The U.S. nominal exchange rate declines, andprices rise faster abroad than in the UnitedStates.
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