Country A is a closed economy so imports and exports are zero. Country B does trade but has no trade deficit (NX = 0) and is otherwise identical to Country A. What is the difference in the IS-LM graph for both countries?

Question

Quizplus · Accepted Answer

The Answer of Country A is a closed economy so imports and exports are zero. Country B does trade but has no trade deficit (NX = 0) and is otherwise identical to Country A. What is the difference in the IS-LM graph for both countries?

Country a Is a Closed Economy So Imports and Exports