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book Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Edition 15ISBN: 9781305176799
book Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson cover

Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson

Edition 15ISBN: 9781305176799
Exercise 12
Explain why the current-account balance and capitalaccount balance must sum to zero under a pure flexible rate system.
Explanation
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The exchange rate is the price of foreig...

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Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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