Using the monetary growth rate model (attached), calculate the rate of dollar depreciation against the Euro if the following are occurring (all numbers in percent):     MGR (US) MGR (EU)   YGR (US) YGR (EU)             a. 7 5   2 3 b. 5 7   2 4 c. 12 2   3 2 d. 35 22   5 1               MGR –  money growth rate              YGR – real GDP growth rate

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Q: exchange rate

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