Refer to Figure 36.5 for the dollar-euro foreign exchange market with the market exchange rate at P_1.The European Union (EU) and U.S.governments have agreed on a fixed exchange rate of P^{2.This situation}

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The Answer of Refer to Figure 36.5 for the dollar-euro foreign exchange market with the market exchange rate at P_1.The European Union (EU) and U.S.governments have agreed on a fixed exchange rate of P^{2.This situation}