Explain How the Size of the Multiplier in an Open

question 80

Essay

Explain how the size of the multiplier in an open economy is different from the size of the multiplier in a closed economy.

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Definitions:

Self-Protection

Trying to avoid loss of esteem.

Self-Enhancement

A psychological process whereby individuals seek to improve their self-esteem or self-worth through personal development, achievements, or by acquiring favorable views from others.

Narcissistic Personality

A personality disorder characterized by a long-term pattern of exaggerated self-importance, need for admiration, and a lack of empathy toward others.

Self-Esteem

The personal judgment of worthiness that indicates the extent to which an individual views themselves in a positive or negative light.