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(Solved): 1. If there is a rise in the income of the consumers in the Euro Area, then how do you think this w ...




1. If there is a rise in the income of the consumers in the Euro Area, then how do you think this will affect;
a) Euro/dollar
1. If there is a rise in the income of the consumers in the Euro Area, then how do you think this will affect; a) Euro/dollar exchange rate b) Dolar/euro exchange rate, Sketch graph to answer under the conditions of floating exchange rate


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The exchange rate is the cost of one currency in comparison to another.
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