When it comes to the multiplier principle, how does a high output level stay high within the means of obtaining the value of foreign currency due to exports? Since a lot of U.S citizens obtain income from exports and spend U.S currency for imports from foreign countries, how would this affect the output level? Especially since foreign currency could be worth more or less, it could change the output level significantly.
Chapter 10 & 11 Curiosities
Foreign Currency Question
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