If real exchange rate, R(t), is less than 1, it implies? Competitiveness of US multinationals in foreign markets improves or Competitiveness of US multinationals in foreign markets declines or Relative purchasing power of US consumers for foreign-goods improves
If real exchange rate, R(t), is less than 1, it implies?
Competitiveness of US multinationals
in foreign markets improves or
Competitiveness of US multinationals in foreign markets declines or
Relative purchasing power of US consumers for foreign-goods improves
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