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Currency equilibrium is more academic than real because: the concept of currency equilibrium was developed by an theoretical economist and has never been observed in

Currency equilibrium is more academic than real because:

the concept of currency equilibrium was developed by an theoretical economist and has never been observed in practice.

when a currency approaches equilibrium, governments act to avoid currency equilibrium.

supply and demand constantly react to market forces so that the amount demanded and the amount supplied of a currency are almost never the same.

some currencies are pegged and some currencies are free floating so that react to market forces differently.

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