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Using DD-AA model, show that the adoption of more flexible exchange rate policy assisted the economy in mitigating the adverse effects of the global economic
Using DD-AA model, show that the adoption of more flexible exchange rate policy assisted the economy in mitigating the adverse effects of the global economic recession
(hint: you should compare the effect of the global economic recession and the resulting fall in the aggregate demand under fixed and flexible exchange rate)
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please help me on this problem, thank you!
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