On November 2007 Brazil announced the discovery of huge oil reserves that could potentially transform the country

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On November 2007 Brazil announced the discovery of huge oil reserves that could potentially transform the country into a big exporter of oil.

a) What would be the effect of the increase in revenues from oil exports on Brazil’s exchange rate?

b) How would this affect other Brazilian exports? Is this a desirable outcome for the country as a whole?

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Macroeconomics Policy And Practice

ISBN: 9781137393951

1st Edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 11, 2024 06:00 AM

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On November 2007 Brazil announced the discovery of huge oil reserves that could potentially transform the country

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Macroeconomics Policy And Practice

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