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c) When moving from equilibrium 3a) to 3b), who will buy debt from whom? Every agent kept its position abroad The government changed to a

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c) When moving from equilibrium 3a) to 3b), who will buy debt from whom? Every agent kept its position abroad The government changed to a net borrowing position abroad The Ricardian agents changed to a net borrowing position abroad The Ricardian agents changed to a net lending position abroad The non-Ricardian agents changed to a net lending position abroad None of the other e1) In a closed economy, nd out the autarky interest rate in the scenarios described in 3a) and 3b) Baseline 33): 1+r1 = l: Fiscal expansion 3b): 1+r1 = l: e2) In the case of closed economy, when moving from equilibrium 3a) to 3b), , who will buy debt from whom? The government buys debt to Ricardian agents Ricardian agents buy debt to the government Non-Ricardian agents buy debt to the government None of the other

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