1. 7. How does the ISLM model for an open economy differ from the ISLM model for...

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1. 7. How does the IS–LM model for an open economy differ from the IS–LM model for a closed economy? Illustrate the use of the open-economy IS–LM model in describing how a recession in one country may be transmitted to other countries.

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Macroeconomics

ISBN: 9780134896441

10th Edition

Authors: Andrew Abel, Ben Bernanke, Dean Croushore

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Question Posted: Nov 15, 2024 07:00 AM

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1. 7. How does the ISLM model for an open economy differ from the ISLM model for a closed economy? Illustrate the use of the open-economy ISLM model in describing how a recession in one country may...
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1. 7. How does the ISLM model for an open economy differ from the ISLM model for...

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Macroeconomics

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