Question
It has often been claimed that China is a currency manipulator, artificially devaluing its currency. Since an exchange rate is a price and lowering a
It has often been claimed that China is a currency manipulator, artificially devaluing its currency. Since an exchange rate is a price and lowering a price increases consumer surplus, what could a country gain from devaluing its currency?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
