PART 1 In the wake of Russia's invasion of Ukraine the ruble was down 40%, at...

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PART 1 In the wake of Russia's invasion of Ukraine the ruble was down 40%, at 139 rubles to the dollar. Since that low point on March 7, the Russian ruble has staged a dramatic recovery. It is now trading at 84 to the dollar, which is right back where it was at the time of the invasion. Western nations put sanctions on Russia to restrict Russia's ability to sell natural resources. But in the wake of sanctions, the Central Bank of Russia increased interest rates to 20%, so any Russian who might have been tempted to sell their rubles and buy dollars or euros now has a big incentive to save that money instead. 1A. Construct a market for the Russian Ruble prior to the war Ukraine. Label initial supply and demand with subscript 1. 1B. Change the market to reflect changes to the Russian Ruble. Label changes in supply and demand with subscript "2". If there has been a 3rd change to the market, label changed supply and demand with subscript "3". PART 1 In the wake of Russia's invasion of Ukraine the ruble was down 40%, at 139 rubles to the dollar. Since that low point on March 7, the Russian ruble has staged a dramatic recovery. It is now trading at 84 to the dollar, which is right back where it was at the time of the invasion. Western nations put sanctions on Russia to restrict Russia's ability to sell natural resources. But in the wake of sanctions, the Central Bank of Russia increased interest rates to 20%, so any Russian who might have been tempted to sell their rubles and buy dollars or euros now has a big incentive to save that money instead. 1A. Construct a market for the Russian Ruble prior to the war Ukraine. Label initial supply and demand with subscript 1. 1B. Change the market to reflect changes to the Russian Ruble. Label changes in supply and demand with subscript "2". If there has been a 3rd change to the market, label changed supply and demand with subscript "3".

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