If the real exchange rate between Canada and Japan is ________, then it is cheaper to buy goods in Japan than in Canada. Question 45Select one: a. less than 1.0 b. greater than 1.0 c. greater than 0.5 d. less than 0.5
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The real exchange rate compares the relative price of goods between two countries, taking into account the nominal exchange rate and the price levels in each country. Show more…
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