MACROECONOMICS
MACROECONOMICS
10th Edition
ISBN: 9781319106072
Author: Mankiw
Publisher: MAC HIGHER
Question
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Chapter 13, Problem 5PA

(a)

To determine

The affect of the change in nominal exchange rate on the competitiveness in the short run with sticky prices.

(b)

To determine

The fiscal and monetary policy combination to increase competitiveness without changing income.

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