Discuss whether the domestic effects of inflation are more serious than the external effects for an economy.

Economics

IGCSE&ALevel

CAIE

Exam No：9708_w21_qp_22 Year：2021 Question No：4(b)

Answer:

11.2.5 the effects of changing exchange rates on the external economy using Marshall-Lerner and J curve analysis

4.3.12 effects of shifts in the AD curve and the AS curve on the level of real output, the price level and employment

4.6.5 consequences of inflation

6.3.4 consequences of imbalances in the current account of the balance of payments for the domestic and external economy

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