suppose the economy is currently in recession and, Macroeconomics

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suppose the economy is currently in recession and

Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model.

a) Explain and illustrate the economy adjustment (in the medium run)

b) Explain and illustrate the economy adjustment (in the medium run) without devaluation.

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Macroeconomics: suppose the economy is currently in recession and

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Macroeconomics: suppose the economy is currently in recession and

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