1. In the MundellFleming model with floating exchange rates, explain what happens to aggregate income, the exchange...

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1. In the Mundell–Fleming model with floating exchange rates, explain what happens to aggregate income, the exchange rate, and the trade balance when taxes are raised.What would happen if exchange rates were fixed rather than floating?

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Macroeconomics

ISBN: 9780716752370

5th Edition

Authors: N. Gregory Mankiw

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