1- suppose the economy is currently in recession, Microeconomics

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1- suppose the economy is currently in recession

1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model.

a) explain and illustrate the economy adjustment ( in the medium run)

b) Explain and illustrate the economy adjustment (in the medium run) without devaluation.

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Microeconomics: 1- suppose the economy is currently in recession

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Microeconomics: 1- suppose the economy is currently in recession

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