How would the import demand change

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Reference no: EM133428452

Question: In the following problem, assume that the UK currency is the pound sterling (PST) and the currency in the rest of Europe is the Euro (EUR). Suppose that the PST appreciates relative to the EUR. 12)

Please indicate what happens to the variables below by stating whether they: increase, decrease, or stays the same.
In the UK: - How would the export demand change?
How would the import demand change?
How would net exports change?
Please indicate what happens to the variables below by stating whether they: increase, decrease, or stays the same.
In the rest of Europe: - How would export demand change?
How would import demand change?
How would net exports change?

Reference no: EM133428452

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