DRAW the figures to COMPARE the effects in the small open economy with perfect capital mobility and
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DRAW the figures to COMPARE the effects in the small open economy with perfect capital mobility and the large open economy.
1. expansionary fiscal policy;
2. increase in domestic investment demand;
3. a fall in net capital outflow
Related Book For
Money Banking and Financial Markets
ISBN: 978-1259746741
5th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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