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1. How does currency manipulation (CM) by a foreign government affects the U.S.
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1. How does currency manipulation (CM) by a foreign government affects the U.S. employment? Explain the process. 2. Under the normal circumstances, how does the Federal Reserve Bank react to CM? What happens to the US employment as a result of this action? 3. During the Great Recession and a few years following the recession, US economy bore the negative employment effect of CM by China, Japan, and others. What was different about this time period compared to the normal times?
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