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Figure 4-1
-Employing Figure 4-1 above,if Y increases by 3000 and the interest rate is fixed at 5% then the sensitivity of real money balances to changes in real income is
International Trade
The exchange of goods, services, and capital across international borders, driven by the concept of comparative advantage.
Tariff
A tax imposed on imported goods and services to increase their price and reduce competition with domestic products.
Exported
Products or services that are transported from one nation to another for the purpose of being sold or traded.
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