Looking at the figure below, you are asked to (1) summarize your observation; (2) comment particularly on the period from Jun.2014-Jun.2015 when the two curves moved somehow divergently. 13513012512011511010501-201406-201411-201410-201703-201808-201801-201906-201911-201904-202009-202002-202107-202112-20215.45.65.896.26.46.66.877.2RMB nominal effective exchangerate(2010=100)RMB/USD(in reverse and right-hand scale)Figure 1: RMB nominal effective exchange rate and RMB/USD rate, monthly average,Jan.2014-Apr. 2022

Nominal effective exchange rate: It refers to the rate which is not adjusted or unadjusted weight.…

Answered: Looking at the figure below, you are…

Looking at the figure below, you are asked to (1) summarize your observation; (2) comment particularly on the period from Jun.2014-Jun.2015 when the two curves moved somehow divergently

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Looking at the figure below, you are asked to (1) summarize your observation; (2) comment particularly on the period from Jun.2014-Jun.2015 when the two curves moved somehow divergently.

135
130
125
120
115
110
105
01-2014
06-2014
11-2014
10-2017
03-2018
08-2018
01-2019
06-2019
11-2019
04-2020
09-2020
02-2021
07-2021
12-2021
5.4
5.6
5.8
9
6.2
6.4
6.6
6.8
7
7.2
RMB nominal effective exchange
rate(2010=100)
RMB/USD(in reverse and right-hand scale)
Figure 1: RMB nominal effective exchange rate and RMB/USD rate, monthly average,
Jan.2014-Apr. 2022

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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