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Based on the Model of the Money Market, When Real

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Based on the model of the money market, when real income decreases, the equilibrium interest rate should


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Free Trade Policy

An approach by governments to increase economic prosperity by allowing goods and services to be traded across borders with minimal restrictions or tariffs.

Foreign Investment

Investment in business ventures or assets in a country by individuals or businesses from another country.

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A global organization established in 1945 to promote peace, security, and cooperation among countries worldwide.

Successful Globalization

Successful globalization refers to the process whereby businesses expand beyond their domestic borders to integrate into international markets, fostering global economic integration and growth.

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