Question
Develop a qualitative analysis on income, interest rate, trade balance and private consumption using the IS-LM-BP model if Fiji dollar was devalued. Assume perfect capital
Develop a qualitative analysis on income, interest rate, trade balance and private consumption using the IS-LM-BP model if Fiji dollar was devalued. Assume perfect capital mobility. Carefully discuss the adjustment processes.
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
