How would your analysis change if this was a large open economy? Consider an economy described by
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Question:
How would your analysis change if this was a large open economy?
Consider an economy described by the following equations:
Y = C + I + G,
Y = 5,000,
G = 1,000,
T = 1,000,
C = 250 + 0.75(Y - T ),
I = 1,000 - 50 r.
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