Oneyearago,thenominalexchangerateforUSD/EURwas1.300.Sincethen,therealexchangeratehasincreasedby3%.This<strong><em>mostlikely</em></strong>impliesthat: A: thenominalexchangerateislessthanUSD/EUR1.235. B: thepurchasingpoweroftheeurohasincreasedapproximately3%intermsof C: D: goods. E: inflationintheeurozonewasapproximately3%higherthaninflationintheUnitedStates.