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Suppose That the Economy Is in Long-Run Equilibrium,and Interest Rates

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Essay

Suppose that the economy is in long-run equilibrium,and interest rates in the rest of the world rise.Explain the short-run effects on the US economy under fixed and flexible exchange rates.


Definitions:

Organelle

One of the specialized structures within the cell, such as the mitochondria, Golgi complex, ribosomes, or contractile vacuole; many organelles are membrane-enclosed.

Geologic Time Scale

A system of chronological dating that relates geological strata to time, used by geologists and other Earth scientists to describe the timing and relationships of events in Earth's history.

Eon

The largest division of the geologic time scale; eons are divided into eras.

Mass Extinction

An event in which a significant, global decrease in the diversity and abundance of life occurs in a relatively short period of geological time.

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