'Real income effect' diaporamas de présentation

Chapter 8 Exchange-Rate Management: Contractionary Devaluation and Real-Exchange-Rate Rules

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FrontPage : NNIGN

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DEMAND & SUPPLY

DEMAND & SUPPLY. PART 1 - DEMAND. MARKETS bring buyers & sellers together. They facilitate EXCHANGE , and may be FORMAL or INFORMAL arrangements. Each party is pursuing his or her SELF-INTEREST . Each must see a benefit or the deal is off! Exchange is voluntary.

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Topic 1: Lecture 6

Topic 1: Lecture 6. Demand Analysis: Change in price of X. Y. Y max. What can you say about the demand for X as Px ??. Y*. a. 0. X*. X. X max. Topic 1: Lecture 6. Demand Analysis: Change in price of X (CASE 1). IC1. IC2. Y. Y max.

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