=+ 11. Suppose that Albernias central bank has fixed the value of its currency, the bern, to

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=+ 11. Suppose that Albernia’s central bank has fixed the value of its currency, the bern, to the USS. dollar (at a rate of US$1.50 to 1 bern) and is committed to that exchange rate.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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