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-Refer to Figure 32-6

Question 506

Multiple Choice

-Refer to Figure 32-6. If the economy were initially in equilibrium at r1 and e3 and the government removes import quotas, the exchange rate moves to A) e5 B) e4 C) e2 D) e1
-Refer to Figure 32-6. If the economy were initially in equilibrium at r1 and e3 and the government removes import quotas, the exchange rate moves to


A) e5
B) e4
C) e2
D) e1

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