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Figure 33-6 -Refer to Figure 33-6.If the Economy Were Initially in Equilibrium

question 29

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Figure 33-6 Figure 33-6    -Refer to Figure 33-6.If the economy were initially in equilibrium at r<sub>2 </sub>and E<sub>3</sub> and the government removed import quotas,the exchange rate would A) appreciate to E<sub>4</sub>. B) appreciate to E<sub>2</sub>. C) depreciate to E<sub>1</sub>. D) depreciate to E<sub>2</sub>.

-Refer to Figure 33-6.If the economy were initially in equilibrium at r2 and E3 and the government removed import quotas,the exchange rate would

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