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In a small open economy with a high marginal propensity to import we can assert that: O A. there is no combination of policies that

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In a small open economy with a high marginal propensity to import we can assert that: O A. there is no combination of policies that can eliminate the trade deficit. O B. a depreciation will cause only small changes in the trade balance. O C. changes in government spending will cause large changes in the trade balance. O D. changes in government spending will cause large changes in output. O E. all of the above

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