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Business, 12.08.2020 18:01 kamila20394

Choose the statement that is incorrect. A. In the long run, a rise in the foreign price level brings dollar appreciation and a rise in the U. S. price level brings dollar depreciation.
B. In the long run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.
C. In the long run, the nominal exchange rate is a monetary phenomenon.
D. In the long run, the nominal exchange rate is determined by the quantities of money in two countries.

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