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    Principles of Macroeconomics Study Set 11
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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    Explain How the Size of the Multiplier in an Open
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Explain How the Size of the Multiplier in an Open

Question 80

Question 80

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Explain how the size of the multiplier in an open economy is different from the size of the multiplier in a closed economy.

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In a closed economy, all of the addition...

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