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(Solved): Given the demand and supply curves in the market for foreign-currency exchange illustrated above [no ...



Given the demand and supply curves in the market for foreign-currency exchange illustrated above [note that the supply curve is exactly vertical at a quantity of 400], the equilibrium values of the real exchange rate and the quantity of dollars exchanged into foreign currency are Group of answer choices 0.6, $500 0.8, $400 1, $300



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