Business, 11.08.2021 03:30, alyonaprotopopova

Suppose exchange rates are defined as foreign currency per dollar and foreign goods per U. S. goods. According to purchasing-power parity, if the price of a basket of goods in the United States rose from $1,500 to $2,000 and the price of the same basket of goods rose from 600 units of some other country's currency to 1,000 units of that country's currency, then the: a. nominal exchange rate would appreciate.
b. nominal exchange rate would depreciate.
c. real exchange rate would appreciate.
d. real exchange rate would depreciate.

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Suppose exchange rates are defined as foreign currency per dollar and foreign goods per U. S. goods....