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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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Agricultural Economics
Authors: Evan Drummond, John Goodwin
3rd edition
136071929, 978-0136071921
