Solved If the real exchange rates between the USD and CAD

Answer to Solved If the real exchange rates between the USD and CAD,

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Solved The following table shows the nominal and real

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File:CAD USD Exchange Rates.png - Wikimedia Commons

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How is the equilibrium real exchange rate determined in an open economy with restricted capital flows? Draw a diagram showing your reasoning.

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Canada-US real and nominal exchange rates since 1972

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