In an open economy the condition for equilibrium in the, Ask an Expert

Economics

In an open economy, the condition for equilibrium in the goods market is different from the condition for a balanced trade account. Explain using words or equations (or both if you wish). Draw a diagram that illustrates a situation where the goods market is in equilibrium while the economy is experiencing a trade deficit

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704683

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