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Use the AD/AS Model and the Phillips Curve to Analyze

question 8

Essay

Use the AD/AS model and the Phillips curve to analyze the short-run and long-run effects of devaluating the home currency under a fixed exchange rate regime.


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A fraction or ratio expressed as part of one hundred, used to quantify relative proportions or to compare values.

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The evaluation or grading of responses, such as essays or test answers, by computer algorithms rather than human graders.

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