
Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 15ISBN: 9781305176799
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
The exchange rate is the price of foreig...
Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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