5. Explain why, in a small open economy, (a) national saving does not have to equal investment,...

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5. Explain why, in a small open economy,

(a) national saving does not have to equal investment, and

(b) output does not have to equal absorption.

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Macroeconomics

ISBN: 126148

6th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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