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In: Economics

Question 6 (17) The rand currency has been depreciating slowly over the past few years, and...

Question 6 (17)
The rand currency has been depreciating slowly over the past few years, and especially now during Covid-19 we have seen a much faster depreciation. Explain the chain of events associated with a currency depreciation. Graphically indicate how this latest sharp depression of the currency will impact the IS/LM/BP diagram. Indicate any movement of curves with arrows.

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Rahul Sunny answered 2 years ago
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