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15. [6 points] How does final contraction affect the current account under a fixed exchange rate? [6 points] Do you expect the changes in current
15. [6 points] How does final contraction affect the current account under a fixed exchange rate? [6 points] Do you expect the changes in current account to be smaller or larger under floating than under a peg (fixed exchange rate)? Explain your reasoning carefully to get full credit
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
