国际金融-chaptersix解答.ppt

Output and the Exchange Rate in the Short Run;Key terms;; ; ; ;How Real Exchange Rate Changes Affect the Current Account An increase in q raises EX and improves the domestic country’s CA. An increase q can raise or lower IM and has an ambiguous effect on CA.; ; ; ; ;Real Income and Aggregate Demand A rise in domestic real income raises aggregate demand for home output. A fall in domestic real income lowers aggregate demand for home output.; ; ; ;Output, the Exchange Rate, and Output Market Equilibrium With fixed price levels at home and abroad, a rise in the nominal exchange rate makes foreig