Assume that the current account is measured as the value of exports minus the value of imports.
Fantastic news! We've Found the answer you've been seeking!
Question:
Assume that the current account is measured as the value of exports minus the value of imports. Explain what will happen to the aggregate demand (D) line in the Keynesian Cross diagram, and the DD curve, if E falls and the value effect dominates the volume effect.
Related Book For
Posted Date: