ECON112 (Terry Kerr) Flashcards on L11 - Macro Theory of the Open Economy, created by Sophia Lynch on 10/08/2020.
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Created by Sophia Lynch
almost 4 years ago
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Created by Sophia Lynch
almost 4 years ago
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Equilibrium in an open economy:
What two markets are involved in this model?
What is NCO?
What happens to net exports and the current account balance when the exchange rate increases?
What is 'trade policy'?
What does 'capital flight' mean?
