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Imagine that in 2050, and the dollar depreciates greatly against the euro. Use the ADAS model to explain the likely short run impacts on U.S.

Imagine that in 2050, and the dollar depreciates greatly against the euro. Use the ADAS model to explain the likely short run impacts on U.S. GDP and the aggregate price level. What do you anticipate to happen to U.S. consumption expenditures and U.S. employment? Explain the reasoning for each of the predictions and show graphically as appropriate.

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