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According to the graph, which of the following correctly describes the effect of the increase in the supply of rubles on the market for foreign

According to the graph, which of the following correctly describes the effect of the increase in the supply of rubles on the market for foreign exchange in Russia? The Russian ruble depreciates, and the exchange rate falls to the floor value. The Russian ruble appreciates, and the exchange rate rises above the ceiling value. The Russian ruble appreciates, and the exchange rate rises to the ceiling value. The Russian ruble depreciates, and the exchange rate falls below the floor value

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