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During a family get-together, an uncle who has business ties with South Korea finds out that you have been taking macroeconomics and approaches you to
During a family get-together, an uncle who has business ties with South Korea finds out that you have been taking macroeconomics and approaches you to have some discussions regarding current events. He wants to know how fears of the coronavirus that lowers investment demand in South Korea, a small open economy, would impact its net exports. Respond to him with the model explaining the relationship between net exports and the real exchange rate. Make sure that you use both words and figures to explain your logic.
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