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Use the long-run relative supply and relative demand model of real exchange rate determination to illustrate graphically how an increase in the labor force in
Use the long-run relative supply and relative demand model of real exchange rate determination to illustrate graphically how an increase in the labor force in the U.S. affects the long-run real exchange rate of the U.S. dollar against the foreign currency. Will U.S. goods become more expensive or cheaper relative to foreign goods
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