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QUESTION
) Consider the following economy: s = 0.2m =0.
1.) Consider the following economy:
s = 0.2m =0.2 I0 =500 G0 = 250
TX0= 200 EX0 = 400
a) Find the value of the open economy multiplier
b) What is the equilibrium level of GDP for this economy?
c) What is the initial current account balance for this country?
