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4. Consider a small open economy which is defined by the following system of equations and identities: Y = C +I+G + NX G=G, T

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4. Consider a small open economy which is defined by the following system of equations and identities: Y = C +I+G + NX G=G, T = T C = Co + a(Y T) (a (0,1)) I = 1, + Br (B

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