Question
CHAPTER 11: THEORY OF OPEN ECONOMY Q6. Suppose Indonesian suddenly develop a strong taste of Kelantan Batik . Answer the following questions in words and
CHAPTER 11: THEORY OF OPEN ECONOMY
Q6. Suppose Indonesian suddenly develop a strong taste of Kelantan Batik. Answer the following questions in words and with diagram.
a)What happens to the demand for ringgit in the market for foreign-currency exchange?
b)What happens to the value of ringgit in the market for foreign-currency exchange?
c)What happens to the quantity of net exports?
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Macroeconomics Principles and Applications
Authors: Robert E. Hall, Marc Lieberman
6th edition
1111822352, 1111822354, 9781133708742 , 978-1111822354
