Question
Suppose that the relative supply of domestic products decreases while the relative demand does not change. (1) (5pt) What will happen to the real exchange
Suppose that the relative supply of domestic products decreases while the relative demand does not change. (1) (5pt) What will happen to the real exchange rate? Explain using a figure.
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
