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QUESTION: a) Why is the simple Keynesian model said to be demand driven? (15 marks). b) In an open economy model with Government, what are

QUESTION:

a) Why is the simple Keynesian model said to be "demand driven"? (15 marks).

b) In an open economy model with Government, what are the main "leakages" out of the circular flow of National Income? (15 marks).

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