Chapter7: Economic Growth: Theory And Policy
Section: Chapter Questions
Problem 6DQ
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Explain in details:
1. How can a shortage of US currency (FX) in a developing country increased import costs and reduce exportation ?
2. How can a shortage of US currency (FX) in a developing country lead to higher inflation ?
3.How can a shortage of US currency (FX) in a developing country Economic slowdown?
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