Question
assume that government decreases the transfers under the fixed exchange rate regime. also assume that capital is perfectly mobile and prices are fixed. graphically show
assume that government decreases the transfers under the fixed exchange rate regime. also assume that capital is perfectly mobile and prices are fixed. graphically show what happens to interest rates and output. what happens to the exchange rate? is there crowding out/in of investment and why?
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American Political Economy In Global Perspective
Authors: Harold L Wilensky
1st Edition
1139227920, 9781139227926
