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Aussie devaluation fails Economics 101 as export income slides

Tuesday, August 11, 2015 - 05:50


IT'S one of the first rules of economics: make a product cheaper, and people will buy more. Things aren't playing out that way Down Under.

A 34 per cent fall in the value of the Aussie dollar to a six-year low of about 72 US cents has done little to revive exports, which now

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