Other things the same, an increase in the U.S. real exchange rate makes U.S. goods more expensive relative to foreign goods.

Name: Other things the same, an increase in the U.S. real exchange rate makes U.S. goods more expensive relative to foreign goods.
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Question

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An increase in the U.S. real exchange rate means that more foreign currency is needed to purchase a given amount of U.S. goods, making U.S. goods more expensive relative to foreign goods.

Other Things the Same, an Increase in the U