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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?
- Large deposits of uranium are discovered in the interior of your country.
- The world price of your main export good, copper, rises permanently.
- The world price of copper rises temporarily
- There is a temporary rise in the world price of oil
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