Anthem College Analysis of Factors Affecting Equilibrium Exchange Rates Questions
Question Description
Analysis of Factors Affecting the Equilibrium Exchange Rates of the $/£
Assumptions:
a. US and UK goods are perfect substitutes
b. Initial equilibrium exchange rate is $1.50/£
c. If exchange rates increases, assumes it goes to $1.75/£ d. If exchange rates decreases, assumes it falls $1.30/£
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