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9. Consider an open economy operating with a xed exchange rate (3) which is initially in equilibrium at point 1 in the diagram below where

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9. Consider an open economy operating with a xed exchange rate (3") which is initially in equilibrium at point 1 in the diagram below where DD' and AA' intersect. Y1 Y a) Suppose that the output market of this economy can be described by the following keyr equations: D = C+I+G+CA C = 15+ 0.6(Y-I) I=20

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