Exhibit: Policies Influence Real Exchange Rate 
Which of the panels illustrates the impact of contractionary fiscal policies at home on the real exchange rate?
Definitions:
Storge Style
A style of love often characterized by deep affection and friendship that develops over time.
Altruistic
Showing selfless concern for the well-being of others; the opposite of selfish.
Self-sacrificing
The act of giving up one's own needs, desires, or wellbeing for the benefit of others or for a greater cause.
Agape
Love that is altruistic and self-sacrificing and is directed toward all humankind.
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