Consider Figure 33-6. A sudden increase in economic and political instability throughout Europe and Asia has caused

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Consider Figure 33-6. A sudden increase in economic and political instability throughout Europe and Asia has caused the United States to appear to British residents to be relatively more economically and politically more stable than was previously the case. What will happen to the equilibrium dollar price of the pound, and why? Does the dollar appreciate or depreciate in relation to the pound?
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