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    Principles of Macroeconomics Study Set 11
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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Explain Why the Depreciation of a Country's Currency Tends to Increase
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Explain Why the Depreciation of a Country's Currency Tends to Increase

Question 19

Question 19

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Explain why the depreciation of a country's currency tends to increase its price level.

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A depreciation of a country's currency t...

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