Medium run adjustment - economy adjustment, Macroeconomics

Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model.

a) Explain and illustrate the economy adjustment (in the medium run)

b) Explain and illustrate the economy adjustment (in the medium run) without devaluation.

Posted Date: 2/28/2013 12:19:53 AM | Location : United States







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