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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 4
"Changes in exchange rates will automatically direct a country to a current-account balance under a flexible exchange rate system." Is this statement true or false?
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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