Question: Question 1 a) A country's saving has increased by 3%, causing a 2% increase in Investment. Is this country a closed economy, a small open

Question 1 a) A country's saving has increased by 3%, causing a 2% increase in Investment. Is this country a closed economy, a small open economy, or a large open economy? (Carefully Explain) b) Suppose a country's desired level of Investment increases by $2 Billion. Compare the change in Investment in a closed economy, a small open economy, and a large open economy.

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