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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 69
For several months before your vacation trip to Germany you find that the exchange rate for the dollar has increased relative to the euro. Are you pleased or saddened? Explain.
Explanation
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Exchange rate is rate at which the curre...
Macroeconomics 11th Edition by Stephen Slavin
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