Using a figure, show how devaluation affects an economy

Answer: When a currency is devalued from E0 to E1, the equilibrium shifts from point 1 to 2. Both output and money supply increase. And international reserves increase.

 

© 版权声明
THE END
喜欢就支持以下吧
点赞0 分享
评论 抢沙发

请登录后发表评论

    暂无评论内容