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Interpret the quantity theory of money. Describe the relationship between the nominal interest rate, inflation, and the real interest rate. Explain the relationship between saving,
- Interpret the quantity theory of money.
- Describe the relationship between the nominal interest rate, inflation, and the real interest rate.
- Explain the relationship between saving, investment, and international flows.
- Describe the market for foreign-currency exchange.
- Determine the implications of purchasing-power parity on exchange rates.
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
