Assume a two-country world where the two countries are the United States and Japan. Note the impact

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Assume a two-country world where the two countries are the United States and Japan. Note the impact on U.S. Real GDP of each of the following:

a. A fall in the real interest rate in the United States relative to the real interest rate in Japan.

b. An economic expansion in Japan.

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Macroeconomics

ISBN: 9780324785500

9th Edition

Authors: Roger A. Arnold

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