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Assume the value of a country's currency is 1 when the price level is 0.75.
Instructions: Enter your answers rounded to 2 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. If the price level changes to 0.6, by how much in percentage terms will the value of the country's currency change? percent
b. Now assume that the value of the country's currency is equal to 1 when the price level is 1.75. If the price level changes to 1.6, by how much will the value of the country's currency change?
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