Class notes Macroeconomic Theory Principles of Microeconomics, ISBN: 9781260326475
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Course
Macroeconomic Theory
Institution
Capilano University (CapU
)
Book
Principles of Microeconomics
This bundle is all in one for the whole course in one term! Principle of Macronomic. This includes all the PowerPoint from the professor and the explained in detail powerpoint (2 PowerPoint versions) that have all 13 chapters of the macroeconomic course. With my own personal class note and summary ...
class notes macroeconomic theory principles of microeconomics
isbn 9781260326475
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Exchange Rates and Balance of Payments
,Exchange Rates (ER)
The rate of which one currency is exchanged for
another
Flexible ER
Appreciation and depreciation
Fixed ER
Devalue and Revalue
,Purchasing Power Parity
Theory suggests that in the long run, ER will adjust so
as to equate the purchasing power of each country’s
currency
, Flexible ER
ER determined by market forces of supply and demand
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