QUESTION NINETEN Suppose the income levels of our small country, Zambia suddenly increases from Y1 to Y2, use the moneta

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QUESTION NINETEN Suppose the income levels of our small country, Zambia suddenly increases from Y1 to Y2, use the moneta

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Question Nineten Suppose The Income Levels Of Our Small Country Zambia Suddenly Increases From Y1 To Y2 Use The Moneta 1
Question Nineten Suppose The Income Levels Of Our Small Country Zambia Suddenly Increases From Y1 To Y2 Use The Moneta 1 (20.03 KiB) Viewed 61 times
QUESTION NINETEN Suppose the income levels of our small country, Zambia suddenly increases from Y1 to Y2, use the monetary approach to explain this change adequately. If on the other hand, we assume that Zambia uses a pegged exchange rate, show using the monetary approach how such a sudden upswing in income would affect the BOP and the economy at large. If you feel that there is need to illustrate the scenario above graphically, you can draw a well-labelled graph.
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