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Output and the Exchange Rate in the Short Run

Output and the Exchange Rate in the Short Run. Chapter 17 Krugman and Obstfeld 9e ECO41 International Economics Udayan Roy. Long Run and Short Run. Long run theories are useful when all prices of inputs and outputs have enough time to adjust fully to changes in supply and demand.

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Fixed output prices y - PowerPoint PPT Presentation

Output and the Exchange Rate in the Short Run