The Balance of Payments
J. Harvey and
M. Johnson
Additional contact information
J. Harvey: University of Reading
M. Johnson: Hatfield Polytechnic
Chapter 16 in Introduction to Macro-Economics: A Workbook, 1973, pp 80-85 from Palgrave Macmillan
Abstract:
Abstract So far we have considered only a closed economy. This has enabled us to concentrate on the problem of securing a full employment equilibrium level of income by simply adjusting demand for internally-produced goods and services. International economic repercussions of such a policy have been ignored. Chapters 16–18 relax the assumption of a closed economy and should be treated as a block.
Keywords: Exchange Rate; Foreign Currency; Full Employment; Foreign Exchange Market; Closed Economy (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01871-0_16
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DOI: 10.1007/978-1-349-01871-0_16
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