Real (inflation adjusted) exchange rate changes have little economic significance.
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Q22: Empirical tests indicate that persistent inflation differentials
Q23: Real changes in currency values reflect changes
Q24: A nominal appreciation of the domestic currency
Q25: For daily measurement intervals, both nominal and
Q26: Because currencies are standardized assets that are
Q28: An increase in the nominal exchange rate
Q29: Empirical evidence indicates that relative purchasing power
Q30: There is no correlation between annual changes
Q31: Relative purchasing power parity holds over the
Q32: Real exchange rates are nominal exchange rates
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