R=€/£ 1.2- 1.0 0.8 10 a 20 b D 30 40 S D' Mil £/day ⠀ Starting from point a, assuming the demand curve D shifted rightw
Posted: Sun May 29, 2022 6:59 pm
Starting from point a, assuming the demand curve D shifted rightward to D', which of the following statement is true under the flexible exchange rate system? pounds would appreciate to 1.2€/E B pounds would depreciate to 1.2€/E C pounds would appreciate to 1.2E/€ D pounds would depreciate to 1.2E/€