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The following questions concern the supply and demand to exchange Korean won for U.S. dollars. The exchange rate is denoted as E$/Won. For each question
The following questions concern the supply and demand to exchange Korean won for U.S. dollars. The exchange rate is denoted as E$/Won. For each question state whether the supply of won, demand for won or both curves will shift, and in which direction. a. Korean tax cuts increase Korean GDP b. The Korean central bank raises interest rates c. Kimchi (a Korean export), is discovered to be a miracle food that slows down the aging process. d. Kia (a Korean company) introduces a new electric car that sells well in the U.S
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