If the government of a country adopts contractionary monetary policy, ________.

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If the government of a country adopts contractionary monetary policy, ________.

If the government of a country adopts contractionary monetary policy, ________.

▸ its currency will initially appreciate then depreciate

▸ its currency will depreciate

▸ its currency will appreciate

▸ its currency will neither depreciate nor appreciate

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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