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Suppose that when the United States and China face the same real interest rate, they each consume the same ratio of current to future consumption,
Suppose that when the United States and China face the same real interest rate, they each consume the same ratio of current to future consumption, and China lends to the United States. How are the two countries affected by engaging in intertemporal trade with each other
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
