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Suppose that the International Monetary Fund (IMF) is concerned about currency depreciation in a small open economy.
a. What type of fiscal policy should the IMF propose to the government of the small open economy to generate a currency appreciation?
b. Illustrate graphically the impact of the IMF proposal on the exchange rate of the small open economy.
c. What will happen to the trade balance of the small open economy, assuming that it started from a position of balanced trade?
Bidding Process
The procedure by which a contractor is selected to work on a project, usually involving submission of proposals and selection based on criteria such as price and capability.
Reconciliation
The process of ensuring that two sets of records or accounts are in agreement, often used in accounting to match transactions and balances.
Interest Charges
The costs incurred for borrowing money, calculated as a percentage of the total amount borrowed.
Management Reserves
Budgetary allocations set aside for unforeseen changes in the scope and cost of a project.
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