=+permanently to a higher level of wages and prices. With a fixed exchange rate, there is thus
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=+permanently to a higher level of wages and prices. With a fixed exchange rate, there is thus no way of keeping wages and prices down.” What is wrong with this argument?
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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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