Suppose that the economy that we are interested in modeling, Business Economics

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Suppose that the economy that we are interested in modeling

Suppose that the economy that we are interested in modeling is not a small open economy, so that the macro variables that describe the external environment have to be treated as endogenous. What additional types of conditions do you think we would have to add to our framework in order to be able to explain the behaviour of these variables?

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Business Economics: Suppose that the economy that we are interested in modeling

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