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Assume the economy is presently in recession, and the exchange rate if fixed using the IS-LM model.
a) Describe and show the economy adjustment ( in the medium run) b) Describe and show the economy adjustment (in the medium run) without devaluation
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You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very vital in determining prices and what products to provide, so you
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