Question
In the Keynesian income-expenditure model, explain the effect of an increase in imports on the equilibrium GDP. In your answer, carefully show the new equilibrium
In the Keynesian income-expenditure model, explain the effect of an increase in imports on the equilibrium GDP. In your answer, carefully show the new equilibrium and explain the adjustment to the new equilibrium.
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International Trade
Authors: John McLaren
1st edition
0470408790, 978-0470408797
