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Assume that the Russian government is planning to open the country to more international trading activity. More in detail, the Russian government is planning to
Assume that the Russian government is planning to open the country to more international trading activity. More in detail, the Russian government is planning to relax its controls on imports by Russian companies. Contemporaneously, in an attempt to boost the economy after the pandemic, the Russian government is seeking to increase the minimum wage. Discuss and explain the effects that these policies will have on the U.S. demand for the Russian currency, supply of Russian currency for sale, and the equilibrium value of the Russian Currency.
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