Under what circumstances is an open economy likely to
Under what circumstances is an open economy likely to produce a lower level of equilibrium GDP compared to a closed economy? Would free trade still be desirable? Why or why not?
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under what circumstances is an open economy likely to produce a lower level of equilibrium gdp compared to a closed
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why is it that taxes tend to have a smaller multiplier than government spending if government spending and taxes were
lets say that we compare the economic potential of a closed economy with that of an open economy which of these
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