=+ 5. Suppose that higher income implies higher imports and thus lower net exports. That is, the

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=+ 5. Suppose that higher income implies higher imports and thus lower net exports. That is, the net-exports function is NX = NX

(e, Y).

Examine the effects in a small open economy

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 30, 2024 03:00 AM

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=+ 5. Suppose that higher income implies higher imports and thus lower net exports. That is, the

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Macroeconomics

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