The logic of the exchange-rate effect begins with a change in the price level changing the interest rate.
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Q1: The aggregate-demand curve shows the quantity of
Q2: Because economists understand what things change GDP,
Q4: A change in the money supply changes
Q5: Other things the same, a decrease in
Q6: Most economist agree that money changes real
Q7: An increase in the money supply causes
Q8: When output rises, unemployment falls.
Q9: According to classical macroeconomic theory, changes in
Q10: According to classical macroeconomic theory, changes in
Q11: Other things the same, as the price
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