Question: Question 4 a. Briefly explain the relationship between exports and the value of a nation's currency. (3 marks) b. Analyse the life cycle income hypothesis

Question 4 a. Briefly explain the relationship between exports and the value of a nation's currency. (3 marks) b. Analyse the life cycle income hypothesis of consumption and explain if it is relevant in current day life. (7 marks) Question 5 Discuss the fiscal and monetary policy implications in the Mundell-Fleming model under a floating exchange rate regime. (10 marks)

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