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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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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
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