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    International Economics Study Set 3
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    Exam 15: Exchange Rates in the Long Run
  5. Question
    Changes in Relative Prices Occur When
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Changes in Relative Prices Occur When

Question 1

Question 1

Multiple Choice

Changes in relative prices occur when


A) all prices move together.
B) all exchange rates move together.
C) product prices change at different rates.
D) exchange rate appreciation is greater than price appreciation.

Correct Answer:

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