Figure 18.2
-Referring to Figure 18.2, the peso is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar.

Name: Figure 18.2 -Referring to Figure 18.2, the peso is likely to depreciate if the exchange rate is either ________ or ________ pesos to the dollar.
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Question

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The peso is likely to depreciate if the exchange rate is either 10 or 11 pesos to the dollar because these rates are higher than the equilibrium rate of 9 pesos to the dollar.

Figure 18.2 -Referring to Figure 18.2, the Peso Is Likely to Depreciate