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Illustrate about the Effective exchange rate
Assume that we are interested in external competitiveness of a country, say Japan. To do this we could look at evolution of a specific exchange rate, say exchange rate between the Japanese yen (JPY) and USD. The problem with this idea is that this exchange rate will reflect the external competitiveness and events in US as much as in Japan. If we want to isolate Japan without including events in other nations, we look at the effective exchange rate instead. Effective exchange rate is the price of a basket of currencies where every currency is weighted in relation to its significance to the country. Then such a price level is divided by a constant such that its value is exactly 100 at a given point in time. If, for instance, price index is 110 one year after the base year, then currency has depreciated by an average of 10% against other currencies that year.
what would be effect of fiscal and monetry policy on price and output level if meges are flexible and rigied?
Q. What is money and what is not money? If you are trying to conclude if something is money, basically consider whether it would be accepted in most stores as payment. Then you
Q. Explain the labor market in the cross model? In cross model, both P and W are exogenous andconstant. Hence real wage is constant and it is not essentially equal to the equil
Determine on any market the effect of the following. Do each separately (on a separate graph) starting from an initial equilibrium position for each one. 1. increase in income
MONEY AND CREDIT In any modern economy, the quantity of money, aggregate volume of credit and its sectoral composition are important variables which exert significant influenc
I will need to upload a file as the questions are bit too long to type
How can a country maintain equilibrium GDP with foreign trade?
TRADE policy: We are now in a position to sum up our analysis of India's trade policy. First, India's trade policy has always been very intricately related to India's basic de
Fiscal policy is the program of government’s with respect to the amount and composition of (i) expenditure: the purchase of commodities and services, and spending in the form of su
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