Question: Please draw neatly! Will press like button The Dollar and the Pound. Draw a market where the dollar is in equilibrium. Then assume there is

Please draw neatly! Will press like button

  1. The Dollar and the Pound.

  1. Draw a market where the dollar is in equilibrium. Then assume there is a US income tax hike.
  2. Draw a market where the pound is in equilibrium. Then assume there is a UK income tax cut.
  3. Describe the market conditions in each case (excess demand/excess supply).

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