How does the ISLM model for an open economy differ from the ISLM model for a closed

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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: 126168

8th Edition

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

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Question Posted: Nov 13, 2024 08:00 AM

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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 be...
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How does the ISLM model for an open economy differ from the ISLM model for a closed

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Macroeconomics

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