2. Policy Analysis with Partial Capital Mobility
• Expansionary fiscal policy, fixed exchange rates
IS curve shifts right, Y and R increase.
Higher R increases foreign capital inflow.
• Creates BP surplus and upward pressure on currency.
Central bank intervenes in the foreign exchange market.
• Buys excess foreign currency.
Incr
ARCTIC BLUE
by Ross LaManna
FADE IN:
1 EXT. BOREAL FOREST - ALASKA - (AERIAL SHOT) - DAY
??
??
Flying. Not at the intangible height of a jet, but at
spitting distance from the treetops. Were in central
Alaska, the Big Lonely, just north of the Arctic Circle.
??
??
A thick forest follows the contours of mountain foothills
like a deep-pile carpet. Up at treeline the forest thins to
tundra, a grassy
pile of refuse. Am l right?
Well, we would never presume
to question your genius...
for financial wizardry, sir,
but why?
Wait.
Gentlemen, the ultimate
achievement of my life--
Bolt Center.
lts absolutely visionary.
-Fantastic!
-lncredible!
Gentlemen, youll never know...
how much this project
excites me.
Mr. Bolt, you have
a surprise visitor.
-Who is it?
-Vance Crasswell, sir.
Crasswell? damn it!