answer the following question don t forget to draw a graph regarding to what you are writing

President Trump started the ‘Buy American’ campaign to promote American made products and save jobs in US. He imposed an import quota on cars from Japan. Using an open economy macroeconomic model, explain how an import quota on cars from Japan would impact the interest rates, NCO, exchange rate and Net Exports in US. Is this a good policy to reduce trade deficit and save jobs? Show it both graphically and in words.

 

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