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Contractionary monetary policy in a flexible exchange rate regime will cause
Gold Exchange Standard
A monetary system in which currencies are valued in terms of a specified amount of gold, and governments agree to exchange currency for gold at the set price.
Dollar Depreciation
A decrease in the value of the U.S. dollar relative to other currencies in the international exchange markets.
Japanese Yen
The official currency of Japan, symbolized as ¥ and known in the forex markets as JPY.
Mexican Peso
The Mexican Peso is the official currency of Mexico, represented by the symbol $ or MX$ to distinguish it from other dollar-denominated currencies.
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