2. Using quarterly data since 1973, graph the U.S. real exchange rate (as calculated in Exercise 1)...
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2. Using quarterly data since 1973, graph the U.S. real exchange rate (as calculated in Exercise 1) and net exports as a fraction of GDP in the same figure. Also create a scatter plot of the same two variables. Is the theoretically predicted relationship of the real exchange rate and net exports visible in the figures?
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