See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
AD=C+I+G+(X−M)AD = C + I + G + (X - M)AD=C+I+G+(X−M)
X>MX > MX>M (exports exceed imports)
X<MX < MX<M (imports exceed exports)
Growth from increased competitiveness of exporting industries
Export + import elasticities sum > 1 for devaluation to work
Deflation, direct controls, devaluation
Reduces deficit by lowering aggregate demand
Switches demand from imports to domestic goods
Current account worsens before improving after devaluation
Profits, dividends, interest on foreign investments
Select your subjects, and get access to A+ resources today.