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    Exam 15: Monetary and Fiscal Policy in the Open Economy
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    Under What Conditions Is the Balance of Payments Schedule in the Open
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Under What Conditions Is the Balance of Payments Schedule in the Open

Question 9

Question 9

Essay

Under what conditions is the balance of payments schedule in the open economy IS-LM model upward sloping? Horizontal?

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The BP schedule is upward slop...

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