An article in the Economist observes that In an open economy, however, some of the effects of

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An article in the Economist observes that “In an open economy, however, some of the effects of the shifts in [aggregate] demand spill over to the rest of the world.” Briefly explain how the effects of the U.S. government increasing its purchases might “spill over” and affect other economies.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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