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1. Derivation of the Marshall-Lerner condition: TB = X-Px/e - M-Pm. 2. Please draw a diagram and analyze the growth of national income under fixed/floating

1. Derivation of the Marshall-Lerner condition: TB = X-Px/e - M-Pm. 2. Please draw a diagram and analyze the growth of national income under fixed/floating exchange rate regimes using the monetary approach.
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1. Derivation of the Marshall-Lerner condition: TB = X.Px/e - M.Pm. 2. Please draw a diagram and analyze the growth of national income under fixed/floating exchange rate regimes using the monetary approach

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