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b (13 points) Use the model of chapter 5 (two-period model with production) to check if the following statement is true, false or uncertain: A

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b (13 points) Use the model of chapter 5 (two-period model with production) to check if the following statement is true, false or uncertain: "A deterioration in the terms of trade causes a fall in consumption and a deterioration in the current account." Do not forget to use equations to support your

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