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Why Does an Exchange Rate-Output Combination Lying Above Both DD

question 80

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Why does an exchange rate-output combination lying above both DD and AA jump first to AA in equilibrium?


Definitions:

Number 12

The whole number that follows 11 and precedes 13, part of the counting order in mathematics.

Exponent

A mathematical notation indicating the number of times a base is multiplied by itself, also known as "power" or "index".

Whole Number

A whole number that is not a fraction or decimal.

Whole Number

An integer value that is not fractional or decimal, positive, negative, or zero.

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