What is meant by a closed economy


Problem

What is meant by a closed economy? by desired or planned investment, consumption, and saving? What is meant by investment being exogenous? What are a consumption function, a saving function, and an investment function?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: What is meant by a closed economy
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