The dollar price of the South African rand fell from 29 cents to 22 cents in 1996,

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The dollar price of the South African rand fell from 29 cents to 22 cents in 1996, the same year the country was rocked by political turmoil. Using supply/demand analysis, explain why the turmoil led to a decline in the price of the rand.

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:51 AM

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The dollar price of the South African rand fell from 29 cents to 22 cents in 1996,

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Political turmoil in South Africa likely led both f...View the full answer

Macroeconomics

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