Keynesian theory suggests that under a system of fixed exchange rates, the influence of income changes in

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Keynesian theory suggests that under a system of fixed exchange rates, the influence of income changes in surplus and deficit nations helps promote current-account equilibrium. Explain.

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International economics

ISBN: 978-8131518823

13th Edition

Authors: Robert J. Carbaugh

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Question Posted: Nov 14, 2012 03:37 AM

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Keynesian theory suggests that under a system of fixed exchange rates, the influence of income changes in

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The Keynesian income adjustment mechanism suggests that a nation with ...View the full answer

International economics

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