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If you were in charge of macroeconomics policies in a small open economy, what qualitative effect would each of the following events have on your
If you were in charge of macroeconomics policies in a small open economy, what qualitative effect would each of the following events have on your target for external balance?
i. Large deposits of uranium are discovered in the interior of your country
ii. The world price of your main export good, copper, rises permanently.
iii. The world price of copper rises temporarily
iv. There is a temporary rise in the world price of oil.
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