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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 S PRICE ( dollars per krona) D QUANTITY (krona) True or False: The expectation that the krona would appreciate helped the krona to appreciate. O True O False

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