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Consider the US to be a large open economy. a) How will a significant increase in U.S. housing prices affect savings, Investment, and Consumption in

Consider the US to be a large open economy.

a) How will a significant increase in U.S. housing prices affect savings, Investment, and Consumption in the U.S.?

b) How will this affect Saving, Investment, and Consumption in the rest of the world?

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