(e) Which price index rises faster, the GDP deflator index orthe consumer price index? ______.

5. In order to stabilize the Japanese economy, the central bankdecides to adapt the expansionary monetary policy by reducingthe reserve requirements. Use a model of a large open economywith a flexible exchange rate to predict the impact of policy onJapan. Its imports will ______ , its exports will ______, and its net exports will ______ . The exchange rate will ______ , and the interest rate will ______.(每格 3 分，共 15 分)

題組內容

(e) Which price index rises faster, the GDP deflator index orthe consumer price index? ______.

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