-In 200X the United States entered a recession.As seen in the figure below,the U.S.dollar depreciated about 100 percent vis-á-vis the euro between 2001 and 2007.Explain the relationship between the recession and the depreciation of the dollar.What does the short-run model suggest should happen to net exports and the output gap?

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-In 200X the United States entered a recession.As seen in the figure below,the U.S.dollar depreciated about 100 percent vis-á-vis the euro between 2001 and 2007.Explain the relationship between the recession and the depreciation of the dollar.What does the short-run model suggest should happen to net exports and the output gap?

-In 200X the United States Entered a Recession