Slide 1 LECTURES 18 - 20 Output, Exchange Rates, and Macroeconomic Policies in the Short Run Slide 2 Our goal is to build a model that explains the relationships between…
Slide 1 The Balance of Payment II: Output, Exchange Rates, and Macroeconomic Policies in the Short Run 7 1.Demand in the Open Economy 2.Goods Market Equilibrium: The Keynesian…