Examine the meaning of overshooting and how is it corrected.

Respond to each topic with at least 200 words. Citations should be included at the end of each topic. No title page for citation page required. #1 Reconstruct the following: asset approach, balance of payment, and purchasing power parity. # 2 Summarize the fundamental equilibrium path. In your own words, propose its significance. #3 Examine the meaning of overshooting and how is it corrected. #4 Analyze and propose the major differences of interest rates swaps and currency swaps.

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