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A large open economy has desired national saving of Sd = 1200 + 1000rw,and desired national investment of Id = 1000 - 500rw.The foreign economy has desired national saving of = 1300 + 1000rw,and desired national investment of
= 1800 - 500rw.The equilibrium world real interest rate equals
Symbolic Interaction
A sociological perspective focusing on how individuals interpret and confer meanings during social interactions, shaping their social reality.
Abstract Reality
The concept of understanding or representing complex phenomena in a simplified, non-concrete form to facilitate comprehension or analysis.
Symbolic Interaction
A sociological perspective emphasizing that human interactions and society are constructed through the use of symbols, language, and communication.
The Chicago School
A school of economic thought associated with the University of Chicago, known for its advocacy of free-market principles and a minimal role for government.
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