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The Norwegian interest rate rises, while Gondor's does not. Without doing any more calculations (a verbal/graphical description is enough)... i. Describe what will happen to
The Norwegian interest rate rises, while Gondor's does not. Without doing any more calculations
(a verbal/graphical description is enough)...
i. Describe what will happen to the Balance of Payments on the Financial Account of Gondor.
Explain.
ii. Describe how the nominal exchange rate in the Gondorian market for krone will change.
Explain, using a graph.
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