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Usingthe Open Economy IS-LM model, consider the macroeconomic impact of a large decrease in the New Zealand official cash rate (OCR). In doing so, carefully
Usingthe Open Economy IS-LM model, consider the macroeconomic impact of a large decrease in the New Zealand official cash rate (OCR). In doing so, carefully explain howthe Open Economy IS-LM modelcan be used to predict the macroeconomic impacts of the large decrease in OCR on New Zealand's macro-economy.
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