Explain the difference between the closed and open economy IS curves. Which curve is steeper? Explain both
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Explain the difference between the closed and open economy IS curves. Which curve is steeper? Explain both in words and with reference to equations why this must be the case.
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Related Book For 
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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