1) Explain what factors cause shifts of the aggregate demand curve in the open economy model. 2) Explain the macroeconom
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1) Explain what factors cause shifts of the aggregate demand curve in the open economy model. 2) Explain the macroeconom
1) Explain what factors cause shifts of the aggregate demand curve in the open economy model. 2) Explain the macroeconomic effects of a tax cut according to the Ricardian Equivalence proposition. Include in your answer the IS-LM graph that shows the effects of this tax cut.
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