Why does the foreign exchange market move toward equilibrium when the foreign exchange rate for the dollar

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Why does the foreign exchange market move toward equilibrium when the foreign exchange rate for the dollar is either above or below its equilibrium value?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 20, 2024 04:00 AM

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Why does the foreign exchange market move toward equilibrium when the foreign exchange rate for the dollar

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Foreign Exchange Market Dynamics In the foreign exchange market the exchange rate for a currency such as the dollar is determined by the forces of sup...View the full answer

Macroeconomics Policy And Practice

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