=+lowering some import prices. If can fall slightly as a result of a permanent fiscal expansion, is

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=+lowering some import prices. If can fall slightly as a result of a permanent fiscal expansion, is it still true that there are no output effects? (As above, assume an initial long-run equilibrium.)

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International Economics

ISBN: 9780132146654

9th Edition

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

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