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Value of the indonesian rupiah

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Reference no: EM131105809

For each of the following "quotes" from The Wall Street Journal, draw a picture to show how the AD curve will shift. Label your original curve AD0 and your new curve AD1.

(a) "The value of the Indonesian Rupiah rose about 50% against the yen and 20% against the mark."

(b) "Jakarta Composite Index closed at 5,000 for the first time"

(c) "Government spending in civilian capital and infrastructure, education, and research and development is falling."

Reference no: EM131105809

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