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Unformatted text preview: .real estate assets. 3.imports short-run, r(rforeigner more likely to put money in r bankbuy currencydemandER) medium-run, growth of country long run, purchases power parity flexable, appreciation, depreciation fixed, revaluation, devaluation balance of payment deficit, buy own currency, (1.control its inflation rate. 2.invite foreign investment) balance of payment surpluse, print money sell, (increase exports, decrease imports) ERexport,importNXAD ERprice of foreign importscost of prodectionAS GrER keynesians. nonkeynesions. active fiscal monetarism-monetary monetary policy supply-sider fiscial AS positive slop AS vertival crowding in crowding out discretionary rule based long run we dead self-correction big government small government...
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This note was uploaded on 02/12/2014 for the course ECON 102 taught by Professor Muze during the Fall '11 term at University of San Francisco.
- Fall '11
- Class Notes