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Figure 19-2 Of the Graphs in Figure 19-2, Where the Broken Line

Question 7

Multiple Choice

Figure 19-2
Figure 19-2 Of the graphs in Figure 19-2, where the broken line represents the fixed exchange rate, which one shows a reduction in the price level in Japan that would reduce a balance of payments deficit? A) 1 B) 2 C) 3 D) 4
Of the graphs in Figure 19-2, where the broken line represents the fixed exchange rate, which one shows a reduction in the price level in Japan that would reduce a balance of payments deficit?


A) 1
B) 2
C) 3
D) 4

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