=+it likely that the exchange rate undershoots? (Hint: In Figure 15-12a, allow the aggregate real money demand
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=+it likely that the exchange rate undershoots? (Hint: In Figure 15-12a, allow the aggregate real money demand schedule to shift in response to the increase in output.)
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Related Book For
International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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