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Appreciation

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77 words
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Economics

Appreciation Page 1
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The impact of an appreciation depends upon the price elasticity of demand for exports and imports. For example, if demand for UK exports is price inelastic (because of few alternatives) then there will only be a small fall in demand.

' The impact of an appreciation depends on the situation of the economy. If the economy is in a recession, then an appreciation will cause a significant fall in aggregate demand, and will probably contribute ...

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