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6. Individual Problems 11-7 Suppose market participants expect the krona to appreciate relative to the dollar. In the following graph, shift the supply curve, the

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6. Individual Problems 11-7 Suppose market participants expect the krona to appreciate relative to the dollar. In the following graph, shift the supply curve, the demand curve, or both to illustrate the effects of the expectations described. O S D PRICE (dollars perkrona) D QUANTITY (krona) True or False: The expectation that the krona would appreciate actually caused the krona to depreciate. True O False

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