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The Dollar and the Pound. Draw a market where the dollar is in equilibrium. Then assume there is a US income tax hike. Draw a
- The Dollar and the Pound.
- Draw a market where the dollar is in equilibrium. Then assume there is a US income tax hike.
- Draw a market where the pound is in equilibrium. Then assume there is a UK income tax cut.
3 Describe the market conditions in each case (excess demand/excess supply)
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