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Business, 13.11.2019 02:31 LizzieS8167

Mambo and rumba are economies of similar sizes. mambo’s growth rate is 3 percent whereas rumba is growing at a rate of 7 percent. the marginal propensity to import is the same positive value for both economies. we would expect to see the currency of depreciating. the new exchange rate will mambo’s consumers. a.mambo; hurtb. rumba; hurtc. mambo; benefitd. rumba; benefit

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