If the real exchange rate of the U.S.dollar were above its equilibrium level,the real exchange rate of the U.S.dollar would appreciate.

Name: If the real exchange rate of the U.S.dollar were above its equilibrium level,the real exchange rate of the U.S.dollar would appreciate.
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Question

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If the real exchange rate is above its equilibrium level, it means the dollar is overvalued, and it would likely depreciate to return to equilibrium.

If the Real Exchange Rate of the U