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Examine thedollar/pound exchange rate at the St. Louis Fed and answer the following: What happened to the value of the pound after Brexit? Explain how

  1. Examine thedollar/pound exchange rate at the St. Louis Fed and answer the following:
    1. What happened to the value of the pound after Brexit?
    2. Explain how the exchange rate change acted as an automatic stabilizer.
    3. What would the Mundell-Fleming model with flexible exchange rates have predicted would happen after Brexit?

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