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According to the simple monetary model, if the growth rate of real income is higher in NZ, then Select one: a. there is no effect on the NZWollar. b. NZ dollar will depreciate more rapidly. c. NZ dollar appreciates in the short-run, but not in the long-run. d. NZ dollar will appreciate more rapidly. Next page

According to the simple monetary model, if the growth rate of real income is higher in NZ, then Select one: a. there is no effect on the NZWollar. b. NZ dollar will depreciate more rapidly. c. NZ dollar appreciates in the short-run, but not in the long-run. d. NZ dollar will appreciate more rapidly. Next page

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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e According to the simple monetary model, if the growth rate of real income is higher in NZ, then Select one: a. there is no effect on the NZMollar. b. NZ dollar will depreciate more rapidly. c. NZ dollar appreciates in the short-run, but not in the long-run. d. NZ dollar will appreciate more rapidly. Next page
Transcribed Image Text:e According to the simple monetary model, if the growth rate of real income is higher in NZ, then Select one: a. there is no effect on the NZMollar. b. NZ dollar will depreciate more rapidly. c. NZ dollar appreciates in the short-run, but not in the long-run. d. NZ dollar will appreciate more rapidly. Next page
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