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Unformatted text preview: opportunity cost) • In short run, exchange rate is determined by uncovered interest parity • What determines exchange rate? • What determines balance of payments?the dif btw long run and short run is the ability of price level to change •...
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This note was uploaded on 12/27/2009 for the course IRPS IRCO 403 taught by Professor Gordonhansonandtakeohoshi during the Spring '09 term at UCSD.
- Spring '09