Problem
Explain the intuition of how each of the following changes affect the real exchange rate, re : a fall in PM, a fall in PUS , and a fall in e. In each case, describe the impact of the change on the rate at which Mexican goods trade against U.S. goods.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.