Mfr/Lana\") answer uestions below. M/L(Rp.vp) ' q 3. Using the equation of the monetary approach model E = 3.3. Foreign central bank reduced nominal money supply permanently. What would the monetary approach predict on Home currency CH1 Depreciation, Appreciate, or No change? 3.1). Foreign interest rate R]? fell. What would the monetary approach predict on Home currency CH5 Depreciation, Appreciate, or No change? 3.c. Foreign output Yr fell. What would the monetary approach predict on Home currency cu! Depreciation, Appreciate, or No change