a. After many countries imposed sanction on Russia especially financial restriction and currency transfer, what will happen to demand and supply of Russian rubles? Is it called Russia ruble depreciation or appreciation? Please use the concept of exchange rate market to explain this situation. Suppose supply and demand are Russian rubble and they are at equilibrium initially.
a. After many countries imposed sanction on Russia especially financial restriction and currency transfer, what will happen to demand and supply of Russian rubles? Is it called Russia ruble depreciation or appreciation? Please use the concept of exchange rate market to explain this situation. Suppose supply and demand are Russian rubble and they are at equilibrium initially.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
a. After many countries imposed sanction on Russia especially financial restriction and
currency transfer, what will happen to
Russia ruble
market to explain this situation. Suppose supply and demand are Russian rubble and they
are at equilibrium initially.
Transcribed Image Text:Part 3: Open-Economy
The Wall street journal (2022) show value of the Russian rubles is fluctuated due to many big
countries launched sanctions in response to Moscow's invasion of Ukraine.
How many Russian rubles $1 buys
100
105
110
115
120
125
130
135
140
145
150
155
160
165
March 7
As of March 7, 4:59 p.m. ET
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