the canadian demand for the US dollar is downward sloping and the supply of the US dollar to Canadians is upward sloping. Assuming a system of flexible exchange rates between the US and Canada, graphically illustrate and explain how each of the following would affect the market value of the US dollar:
i) Canada experiences severe deflation
ii) the US engages in an expansionary monetary policy
iii) the rate of productivity growth in the US rises sharply.
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