Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 29, Problem 32P

A British pound cost $ 2 .00 in U.S. dollars in 2 00 8 , but $ 1 . 27 in U.S. dollars in 2 0 17 .

Was the pound weaker or stronger against the dollar? Did the dollar appreciate or depreciate versus the pound?

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Principles of Economics 2e

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