Question
Open-Economy Macroeconomics Suppose a country with a high level of unemployment decides to boost demand using expansionary fiscal policy. How would the effects of this
Open-Economy Macroeconomics
Suppose a country with a high level of unemployment decides to boost demand using expansionary fiscal policy. How would the effects of this be different in an open economy versus a closed economy? What can you say more generally about how open economies might behave differently from closed ones?
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
