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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 4
What is the effect of a fiscal expansion on output and interest rates when exchange rates are fixed and capital is perfectly mobile Show this rigorously, using the model developed in Section 13-5.
Explanation
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The rate at which one countries currency...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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