Use algebra to derive ie show how one equation follows from


Use algebra to derive (i.e. show how one equation follows from the other), from national income account identities, the simple classical S=I model, using three assumptions: closed economy, small open economy, and large economy. Use three graphs, one for each case, suitably labelled, to explain how the economy might react to a decrease in the autonomous demand for investment. What will happen, in each case, to interest rates, GDP, I and S, and NX?

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Microeconomics: Use algebra to derive ie show how one equation follows from
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