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Answer True or False to the following 3 statements (questions 1-3). No credit will be given without explanation. Question 3 A depreciation of the domestic

Answer True or False to the following 3 statements (questions 1-3). No credit will be given without explanation. Question 3 A depreciation of the domestic currency reduces the relative price of the countrys imports and increases the relative price of the countrys exports. [10 marks]

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