1.  If we increase G, what happens to output Y, consumption C, investment I, net exports NX, the real interest rate r, the price level, and the real exchange rate  in each of the following cases. provide graphs
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   1. long run, closed economy
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   3. long run, small open economy
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   5. long run, large open economy
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   7. short run, closed economy
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   9. short run, small open economy, fixed exchange rates
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   11. short run, small open economy, flexible exchange rates
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   13. short run, large open economy, fixed exchange rates
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   15. short run, large open economy, flexible exchange rates

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The detailed answer for the above question is provided below 1 Long Run Closed Economy An increase in government spending G could lead to higher outpu... View the full answer