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Real Exchange Rate
A measure of the value of one currency in terms of another, adjusted for inflation.
Net Capital Outflow
The difference between a nation's total investment in foreign countries and foreign investments within the nation, over a specific period of time.
Open-Economy Macroeconomic Model
An economic model that analyses interactions between domestic and international factors in shaping economic indicators.
Exchange Rate
The value of one country's currency in terms of another country's currency.
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