Exhibit: Policies Influence Real Exchange Rate 
Which of the panels illustrates the impact of contractionary fiscal policies abroad on the real exchange rate?
Definitions:
Sensitive Corporate Documents
Documents that contain confidential or proprietary business information, the disclosure of which could be harmful to a company's interests.
Proxy Server
A server that acts as an intermediary for requests from clients seeking resources from other servers.
Internal Server
A server located within an organization's network, providing services to users within the same network, often used for intranet, file sharing, and databases.
Corporate Network
A digital telecommunications network specifically designed for the sharing of resources and communication within a company or organization.
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