Continuing with the preceding question, note that the monetary value of output in 1985 was$4,010billion in the
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Continuing with the preceding question, note that the monetary value of output in 1985 was$4,010billion in the United States and 1,418 billion cruzados in Brazil. Refer back to question 3 and calculate velocity for the two countries in 1985. Why do you think velocity was so much higher in Brazil?
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Related Book For
International Economics Theory and Policy
ISBN: 978-0273754206
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
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