In the long run, the chief determinant of exchange rate changes is a change in

Name: In the long run, the chief determinant of exchange rate changes is a change in
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In the long run, exchange rate changes are primarily determined by changes in price levels. This is because differences in inflation rates between countries affect the purchasing power of currencies, leading to adjustments in exchange rates to reflect the new relative values of those currencies.

In the Long Run, the Chief Determinant of Exchange Rate