=+ 8. Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka

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=+ 8. Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progress

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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