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Have to discuss the following statements within a Keynesian cross model and use economic theory to provide evidence to support your claim. (a)In a closed
Have to discuss the following statements within a Keynesian cross model and use economic theory to provide evidence to support your claim.
(a)In a closed economy where the private sector invests more that it saves, the government must be running a budget deficit.
(b)To increase economic income in an open economy, the government should ban imports.
(c)The government budget multiplier is bigger in a closed economy than in an open economy.
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