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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 19
In response to a severe recession, a politician in a country with a fixed exchange rate proposes to allow the exchange rate to float. What impact would this move have on the economy? Do you think it would be a good response to the recession?
Explanation
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Fixed exchange rate:
Fixed exchange rat...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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