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07:17 Oct 31, 2006
English to English translations [Non-PRO] Bus/Financial - Economics / macroeconomics
Explanation: quote from Samuelson/Nordhaus: Economics, 18. edition
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.
BrigitteHilgner Austria Local time: 07:03 Native speaker of: German PRO pts in category: 4