State the impact of each of the following changes (other variables remaining unchanged) on the real exchange rate. (a) The Consumer Price Index (which measures the price level) in the United States...

State the impact of each of the following changes (other variables remaining unchanged) on the real exchange rate.

(a) The Consumer Price Index (which measures the price level) in the United States rises by 4 percent.

(b) The Consumer Price Index in Jamaica rises by 9 percent.

(c) The two Consumer Price Index changes above occur at the same time.