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Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538 Exercise 12
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...
Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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