Explain the effects of a fall in the value of the U.K. pound and lower spending by
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Explain the effects of a fall in the value of the U.K. pound and lower spending by businesses and households on U.K. aggregate demand and aggregate supply.
Brexit means a bumpy road ahead for the U.K. economy. The decision by the U.K. people to leave the European Union has already brought a sharp fall in the value of the pound and is expected to lower business and household spending.
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The fall in the value of the pound makes UK imports less expens...View the full answer
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