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International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671 Exercise 2
Suppose that imports are entirely induced, that is, that the import function is M = mY (with m being the marginal propensity to import). What is the APM in this case? What is the value of the YEM?
Explanation
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Marginal propensity to import implies th...
International Economics 8th Edition by Dennis Appleyard, Alfred Field
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