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In Moving from a Small to a Large Open Economy

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In moving from a small to a large open economy model under flexible exchange rates,fiscal policy


Definitions:

Sheeted Dikes

A geological formation consisting of numerous parallel dikes formed when magma intrudes into a crack then solidifies.

Subduction-derived Magma

Magma that is formed by the melting of subducted oceanic crust beneath a continental plate.

Belts of Volcanoes

Regions characterized by the alignment of multiple volcanoes, often situated along the boundaries of tectonic plates where volcanic activity is concentrated.

Basalt Fissure

A crack or opening in the earth's surface through which basaltic lava erupts.

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