Question
There are three reasons why aggregate demand is downward sloping: Real Balance Effect, Keynes's interest-rate effect, and Mundell-Fleming's exchange-rate effect. Explain the Mundell-Fleming's exchange-rate effect.
There are three reasons why aggregate demand is downward sloping: Real Balance Effect, Keynes's interest-rate effect, and Mundell-Fleming's exchange-rate effect. Explain the Mundell-Fleming's exchange-rate effect.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
