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International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648 Exercise 8
Devaluation is often used by countries to improve their current accounts. Since the current account equals national saving less domestic investment, however (see Chapter 2), this improvement can occur only if investment falls, saving rises, or both. How might devaluation affect national saving and domestic investment?
Explanation
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International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
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