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R1 balance - PowerPoint PPT Presentation

Fixed exchange rates: The BP curve

IS-LM-BP analysis: fixed exchange rates. Fixed exchange rates: The BP curve. IS-LM-BP analysis: fixed exchange rates. SURPLUS. r 1. DEFICIT. r. BP. O. Y. Zero Capital Flows. IS-LM-BP analysis: fixed exchange rates. BP. SURPLUS. r 1. DEFICIT. r. O. Y. Restricted Capital Flows.

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R1 balance - PowerPoint PPT Presentation

Fixed exchange rates: The BP curve