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Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 11
Suppose your country's exports were to permanently increase. Explain how income, price adjustments, and adjustments to the real money supply would interact to lead it back to full employment and external balance.
Explanation
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At the initial macroequilibrium in both ...
Macroeconomics 12th Edition by Rudiger Dornbusch, Stanley Fischer ,Richard Startz
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