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In the monetary small open economy model with a

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30)In the monetary small open-economy model with a flexible exchange rate, an increase in the world real interestrate
31)The large exchange rate depreciations which preceded the Asian Crisis was likely the result of
ESSAY.Write your answer in the space provided or on a separate sheet of paper.32)Determine the impact of an increase in total factor productivity on domestic aggregate output, absorption, thecurrent account surplus, the nominal exchange rate, and the price level. Assume a flexible exchange rate andflexible prices.

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Term
Fall
Professor
KePang

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