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In an economy , C = CO + c1(Yd) , 1 = 10 -[1Y , X = a +bY* , IM = k +IY .Where
In an economy , C = CO + c1(Yd) , 1 = 10 -[1Y , X = a +bY* , IM = k +IY .Where C = consumption , I = Investment , X= exports , IM = imports , Y*= Foreign Income , 11 = MPI and c1 = MPC . Compare the goods market multiplier between closed and open economy and state correct option ? Multiplier of open economy Multiplier of closed economy Can't Say O Multiplier of open economy = Multiplier of closed economy
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