07:17 Oct 31, 2006 |
English language (monolingual) [Non-PRO] Bus/Financial - Economics / macroeconomics | ||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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4 | relates to investment |
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Discussion entries: 1 | |
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relates to investment Explanation: quote from Samuelson/Nordhaus: Economics, 18. edition page 713 As output and inflation rise, interest rates are likely to rise and the foreign exchange rate is likely to appreciate (if the country has a floating exchange rate). The rising interest rates and appreciated currency will tend to choke off or "crowd out" domestic and foreign investment. Not really a kudoz question - rather something for economists. |
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