8. True or False and Explain Why or Why Not: A reduction in the US price level will reduce the real exchange rate and so lead to an increase in net exports.
8. True or False and Explain Why or Why Not: A reduction in the US price level will reduce the real exchange rate and so lead to an increase in net exports.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: A Macroeconomic Theory Of The Open Economy
Section: Chapter Questions
Problem 5PA
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