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

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2. In the Mundell–Fleming model with floating exchange rates, explain what happens to aggregate income, the exchange rate, and the trade balance when the money supply is reduced.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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Question Posted: Sep 28, 2024 07:02 AM

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

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Macroeconomics

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