Part II Macro Policies for Open EconomiesFocus on macroeconomic performance.8 How does the open macroeconomy work?9 Internal and external balance with fixed exchange rates10 Floating exchange rates and internal balance1macroeconomic performance（宏观经济运行）the behavior(变化)of a countrys output,jobs,and prices in the face of changing world conditions.2CHAPTER 8How Does the Open Macroeconomy Work?开放的宏观经济是如何运行的？开放的宏观经济是如何运行的？Framework of this chapterThe performance of a national economy 一国经济的状况Equilibriu
