What is meant by a closed economy? By desired or planned investment, consumption, and saving? What is

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What is meant by a closed economy? By desired or planned investment, consumption, and saving? What is meant by investment being exogenous? What are a consumption function, a saving function, and an investment function?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:35 AM

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What is meant by a closed economy? By desired or planned investment, consumption, and saving? What is

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The economy when operates under no international trade or in autarky may be termed as closed economy In this type of economy total income generated th...View the full answer

International Economics

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