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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 6
Explain why the current-account balance and capital-account balance must sum to zero under a pure flexible rate system.
Explanation
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The exchange rate is the price of foreig...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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