Lecture 2 24

Lecture 2 24 - 1. Domestic Income Level 2. Foreign Income...

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Expenditure Side of the Economy E = C + I + G + ( X M ) Exports (X) and Imports (M) Net Exports: NX = X – M = Net Exports is a function of:
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Unformatted text preview: 1. Domestic Income Level 2. Foreign Income Level 3. Real exchange rate (relative price of foreign goods) ) , , ( er Y Y NX f...
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