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2. Suppose there is a substantial increase in interest rates in Mexico relative to U.S. interest rates. Everything else equal, what is likely to happen
2. Suppose there is a substantial increase in interest rates in Mexico relative to U.S. interest rates. Everything else equal, what is likely to happen to value of the MXN? Demand for the MXN will (circle one of the arrows) or o Supply of the MXN will (circle one of the arrows) or Therefore, the MXN should (fill in with either "appreciate" or "depreciate")
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