Economics: Principles & Policy
Economics: Principles & Policy
14th Edition
ISBN: 9781337912679
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning US
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Chapter 36, Problem 3TY

(a)

To determine

Find equilibrium GDP, the budget deficit or surplus, and the trade deficit or surplus.

(b)

To determine

Changes in exports and imports when currency appreciates.

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