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Assume that in a small open economy where full employment always prevails, national saving is 300. I

Assume that in a small open economy where full employment always prevails, national saving is 300. If domestic investment is given by I=400-20r, where r is the real interest rate in percent, what would the equilibrium interest rate be if the economy were closed. Calculate dl/dr-what does this mean? Explain in detail

 

Apr 24 2020 View more View Less

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