Alho, Kari E. O. (contributor) - 2004 - [Elektronische Ressource]
devaluations to improve the weakened competitive situation of the export
sector, has been the difficulty to live under the hard … constraint of an irrevocably fixed ex-
change rate vis-à-vis the main export market, implied by the single currency in EMU. So …
employers. The national income accounting identity is,
(3) Q = D + C + (X−hQ) ,
where Q is production (GDP), D is …