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Explain the implication for a country’s exchange rate in the monetary approach and in the portfolio balance approach of (a) an autonomous decline in the demand for money at each interest rate by the country’s citizens, and (b) a change in expectations by the country’s citizens such that less inflation is expected in the future.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91992639

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