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Nominal exchange rate between usd and british pound

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Reference no: EM132285517

According to the long run money market model, if money supply is growing at 5% in the United States and 6% in the United Kingdom, while real GDP is rising at 3% in the United States, and at 2% in the United Kingdom, what will happen to the nominal exchange rate between USD and British pound?

Reference no: EM132285517

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