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Lec-8B - Chapter 31 - Open-Economy Macroeconomics Basic Concepts by MsKhan0078 is a document available to read on EtoBox.

What is Lec-8B - Chapter 31 - Open-Economy Macroeconomics Basic Concepts about?

Closed economy is one that does not interact with other economies in the world. Open economy buys and sells goods and services in world product markets and capital assets in world financial markets. The u.s. Is a very large and open economy - it imports and exports huge quantities of goods and services.

Author

MsKhan0078

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EN