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ECON 311 Lecture Notes - United Service Organizations, Marginal Cost, Laboratoires Servier

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School
U of S
Department
Economics
Course
ECON 311
Professor
Prof Lucas

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Related Questions

In an open economy, why is the supply curve in the foreign currency exchange market vertical?
 
(i) Net capital outflow is determined by the real interest rate, not the real exchange rate.
(ii) Net capital outflow is extremely sensitive to small changes in the real exchange rate.
(iii) Net capital outflow equals net exports.
(iv) Net capital outflow is determined by real GDP, not the real exchange rate.

. Consider an open economy with a flexible exchange rate regime, perfect capital mobility and fixed prices both home and abroad. Discuss each of the following:

(i) The process of adjustment of the economy to an increase in foreign output

ii) The effect on the trade balance and possible automatic adjustments

iii) The intervention required by the Central Bank to maintain the exchange rate fixed

 

HELP?!

Draw a foreign exchange market supply and demand diagram to illustrate how the Yen-Dollar exchange rate is determined. Set the initial equilibrium at a rate of 100 Yen per Dollar.