Balance of Payment Lecture

Balance of Payment Lecture - Political Stability-Classical...

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Balance of Payment Lecture Balance of payments Exchange rate= price of countries currency to another’s currency Net exports Monetarists believed that monetary policy=fiscal policy New classical=rational expectations Velocity of money- influenced by technology. Phillips Curve- trade off b/w inflation and unemployment
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Unformatted text preview: Political Stability-Classical and Keynesian Monetary and Fiscal Monetarists New classical rational expectations Imports of Income effect on multiplier Balance of Payments, net exports No gold standard...
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This note was uploaded on 10/20/2011 for the course ECON 103 taught by Professor Lin during the Fall '08 term at Rutgers.

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