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7. A small open economy is characterized by the following set of equations: a. Find S, I and NX. S = 10 + 100r*

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7. A small open economy is characterized by the following set of equations: a. Find S, I and NX. S = 10 + 100r* |= 15-100r* Y = 50; G = 50; r*=0.03 b. If increases by 2 for each r*, repeat part (a).

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