=+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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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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