Business, 13.12.2019 23:31 SugaAndKookie22

Suppose that the real exchange rate between the united states and kenya is defined in terms of baskets of goods. which of the following will increase the real exchange rate (that is increase the number of baskets of kenyan goods a basket of u. s. goods buys?

i. an increase in the number of kenyan shillings that can be purchased with a dollar
ii. an increase in the price of u. s. baskets of goods
iii. a decrease in the price in kenyan shillings of kenyan goods

a. i and iii only.
b. ii and iii only.
c. i and ii only.
d. i only.
e. i, ii and iii.

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