Calculate the 1984-1985 rates of money supply growth and inflation for the United States and Brazil, respectively.
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Calculate the 1984-1985 rates of money supply growth and inflation for the United States and Brazil, respectively. Assuming that other factors affecting the money markets did not change too dramatically, how do these numbers match up with the pre- dictions of this chapter's model? How would you explain the apparently different responses of U.S. compared with Brazilian prices?
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Related Book For 
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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