1. Copyright © 2011 Cengage Learning 31 Open-Economy Macroeconomics: Basic Concepts

2. Figure 1 The Increasing Openness of the World Economy Copyright © 2011 Cengage Learning

3. Copyright © 2010 Cengage Learning Table 1 International Flows of Goods and Capital: Summary Copyright © 2011 Cengage Learning

4. Figure 2 Money, Prices, and the Nominal Exchange Rate During the German Hyperinflation 10,000,000,000 1,000,000,000,000,000 100,000 1.00001.0000000001 1921192219231924 Exchange rate Money supply Price level 1925 Indexes (Jan. 1921 = 100) Copyright © 2011 Cengage Learning