Price of a representative domestic expenditure
The domestic currency price of a representative domestic expenditure basket is:
P, the domestic price level.
E, the nominal exchange rate.
P times E, the domestic price level times the domestic price level.
P, the foreign price level
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Regarding the auctioning of new U.S. Treasury bills, how do competitive bids differ from noncompetitive bids?
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Is this affect only demand curve (price and quantity)? So the demand will shift to the right as the price decrease ? And what about the supply curve?
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