Social Studies, 22.11.2019 06:31, ItzNayaa

In the u. s. a candy bar costs $1. if the nominal exchange rate were 6 chinese yuan per dollar and the real exchange rate were 1.2, then, what would be the price of a candy bar in china? a. 5 yuan b. 7.2 yuan c. 3.6 yuan d. 6 yuan

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In the u. s. a candy bar costs $1. if the nominal exchange rate were 6 chinese yuan per dollar and t...