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larisa [96]
3 years ago
11

Choose the statement that is incorrect.

Business
1 answer:
MAVERICK [17]3 years ago
5 0

Answer:

B. In the long​ run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.

Explanation:

As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.

But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same

This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate

Hence, option B is incorrect

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<span>perhaps u want the formula for the percentage of markup, giving the cost and selling price.
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