Question: Read the Case Analysis: The Limits to Macroeconomic Policy and response to the questions: a. Provide an overview of this case analysis; summarize the key

Read the Case Analysis: "The Limits to Macroeconomic Policy" and response to the questions:
a. Provide an overview of this case analysis; summarize the key points.
b. Explain why a currency devaluation, whether intentional or not, would be a problem.
c. Consider the question: Does this mean that developing countries cannot use expansionary macroeconomic policies?

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LIMITS OF MACROECONOMIC THEORIES Introduction There have been intense debates concerning whether the sense of currency devaluation would result to be overrated due to the efforts in trying to enforce ... View full answer

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