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Suppose currency speculators think that the value of the Australian dollar relative to the US dollar is going to rise in the future. Show graphically
Suppose currency speculators think that the value of the Australian dollar relative to the US dollar is going to rise in the future. Show graphically and explain the effect of this change in currency traders' expectations on the exchange rate of the US dollar for Australian dollars
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
