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If Australian Demand for Purchases of British Goods Has Decreased

Question 99

Essay
If Australian demand for purchases of British goods has decreased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically.
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If Australian demand for purchases of British goods has decreased, how would you expect the equilibrium exchange rate in the market for dollars to respond? Support your answer graphically.
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_____________________________________________________________________________________________

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