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tifftran tifftran
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If a country has persistent trade deficits, which is likely to eventually happen in the market for that country's currency if the country's central bank does not intervene?

▸ The demand curve for the currency shifts to the left resulting in an appreciation.

▸ The demand curve for the currency shifts to the right resulting in an appreciation.

▸ The demand curve for the currency shifts to the left resulting in a depreciation.

▸ The supply curve for the currency shifts to the left resulting in a depreciation.
Textbook 

Macroeconomics


Edition: 3rd
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avi420avi420
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The demand curve for the currency shifts to the left resulting in a depreciation.

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tifftran Author
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A month ago
Thanks
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Yesterday
Good timing, thanks!
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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