Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 13, Problem 3AP
a
To determine
Effect of W contractionary
b)
To determine
Effect of W contractionary monetary policy on E nominal exchange rate in short run
c)
To determine
Response to W by E if exchange rate is fixed. Impact on output, real exchange rate and net exports in short run.
d)
To determine
Alternative scenario for E.
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