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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Devaluation is often used by countries to improve their current accounts. Since the cur-rent account equals national saving less domestic investment, however (see Chapter 12), this improvement can occur only if investment falls. saving rises. or both. How might devaluation affect national saving and domestic investment?
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