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In the sticky price model a reduction in money supply causes the exchange rate to : a. appreciate in the long run in nominal terms

In the sticky price model a reduction in money supply causes the exchange rate to : a. appreciate in the long run in nominal terms b. depreciate in the long run in nominal terms c. has no impact on either the nominal or real exchange rate d. depreciate in the long run in real terms e. appreciate in the long run in real terms

IN THE LONG TERM?

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