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-Refer to Figure 32-5

Question 138

Multiple Choice

  -Refer to Figure 32-5.If the economy were initially in equilibrium at r₂ and E₃ and the government removed import quotas,the exchange rate would A) appreciate to E₄. B) appreciate to E₂. C) depreciate to E₁. D) depreciate to E₂.
-Refer to Figure 32-5.If the economy were initially in equilibrium at r₂ and E₃ and the government removed import quotas,the exchange rate would


A) appreciate to E₄.
B) appreciate to E₂.
C) depreciate to E₁.
D) depreciate to E₂.

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