Someone answer this question asap If the Canadian nominal exchange rate does not change, but prices rise faster in Canada than in all other countries, then the Canadian real exchange rate A. does not change. B. rises. C. declines. D. There is not enough information to answer the question.

Someone answer this question asap If the Canadian nominal exchange rate does not change, but prices rise faster in Canada than in all other countries, then the Canadian real exchange rate A. does not change. B. rises. C. declines. D. There is not enough information to answer the question.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: International Finance

Section: Chapter Questions

Problem 3QP

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Someone answer this question asap
If the Canadian nominal exchange rate does not change, but prices rise faster in Canada than in all other countries, then the Canadian real exchange rate

A. does not change.
B. rises.
C. declines.
D. There is not enough information to answer the question.

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