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Ao9 Ao9
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9 years ago
In the monetary small open-economy model with a fixed exchange rate, a devaluation of the domestic currency in the absence of any other shocks
A) increases the domestic money supply and has no effect on the current account surplus.
B) decreases the domestic money supply and has no effect on the current account surplus.
C) decreases the current account surplus and has no effect on the domestic money supply.
D) increases the current account surplus and has no effect on the domestic money supply.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
Read 118 times
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GordisGordis
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9 years ago
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Ao9 Author
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#2
9 years ago
Solved!!
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#3
9 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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