exchange rate and equilibrium

Economics
Tutor: None Selected Time limit: 1 Day

The price of a loaf of bread is $1 in the United States, whereas it is 2 pounds in England. The prevailing exchange rate between the dollar and the pound is $1 for 1 pounds. Is this a sustainable exchange rate? If not, describe the changes that will bring the exchange rate to equilibrium.

 

May 4th, 2015

yes it is sustainable.....

May 4th, 2015

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