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Open-Economy Macroeconomic Model
A framework used in economics to analyze the interactions between a country's economy and the international market, focusing on trade flows, exchange rates, and capital movements.
Loanable Funds
The money available for borrowing in an economy, influenced by savings and investments.
National Saving
The total amount of savings generated within a country, including both private and public savings.
Real Interest Rate
The interest rate adjusted for inflation, reflecting the true cost of borrowing or the true return on investment.
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