1848

a) What is imperfect capital mobility? Give reasons. b) When FE curve shifts in the upward direction? Mention the consequences. c)Given: open economy, floating exchange rates. c.1)What happens when FE curve is more interest elastic than LM curve c.2)What happens when LM curve is more interest elastic than FE curve d) How will you find out which rate of exchange is ore applicable to an economy? Describe any three situations