Assume that the Eurozone and the USA are the only economies in the world. In the last year, the REAL exchange rate from the point of view of the Eurozone (i.e. how many baskets of goods can be bought in the USA with the money need to buy one basket in the eurozone) has risen 4% and the nominal exchange rate (in terms of dollars per euro ) has decreased 1 %. Then:   A.   inflation in the Eurozone has been higher than in the USA.   B.   inflation in the eurozone has been the same one than in the USA   C.   the inflation in the eurozone was equal to 20%   D.   the inflation in USA was higher than the inflation in the eurozone.

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