Solved: Explain the key concepts in open-economy macroeconomics, Microeconomics

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Explain the key concepts in open-economy macroeconomics

Discussion:

Topic 1: Macroeconomic goals and macroeconomic equilibrium are the key elements in macroeconomics. What is long run macroeconomic equilibrium? What are the long run macroeconomic goals?

Topic 2: Explain the key concepts in open-economy macroeconomics. What are the major differences between closed-economy and open-economy? What are the economic policy implications of dealing with an open-economy?

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Microeconomics: Explain the key concepts in open-economy macroeconomics

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Microeconomics: Explain the key concepts in open-economy macroeconomics

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