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In a closed economy, savings and investments are interacted/coordinated. Who are savers and investors in this closed economy? How does financial (capital and money) market
- In a closed economy, savings and investments are interacted/coordinated. Who are savers and investors in this closed economy? How does financial (capital and money) market work? How does crowding out happen?
Briefly discuss, by using I, S, G, T, X, M, how the scenario change when the economy is OPEN
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