Suppose the current us-uk exchange rate is 066 pounds the
Suppose the current U.S.-UK exchange rate is 0.66 pounds (the pound is the UK currency) per dollar, and the aggregate price level is 185 for the U.S. and 134 for the UK.
a. What is the real exchange rate?
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suppose the current us-uk exchange rate is 066 pounds the pound is the uk currency per dollar and the aggregate price
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