8. Draw the fundamental analysis of the supply and the demand for the British pound in terms...
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8. Draw the fundamental analysis of the supply and the demand for the British pound in terms of dollars. Show what will happen to the exchange rate with those curves in response to each of the following events:
a. The U.S. price level rises.
b. The United States reduces tariffs.
c. The U.K. economy experiences a boom.
d. The U.S. interest rates rise. (LO 35-2)
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