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Starting in April 2022, the central bank of the US has increased the interest rate in the US from 1% to 3% while the European

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Starting in April 2022, the central bank of the US has increased the interest rate in the US from 1% to 3% while the European central bank has maintained its interest rate at 1% What should happen to the equilibrium exchange rate of the US dollar in terms of the Euro, (Euro is the European money)? Use the demand and supply model to answer this

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