1. GT01003Macroeconomics 2. Every day, news draws our attention to theglobal economy The US sub-prime mortgage crisis of 2007 – 2008quickly became a worldwide event…
Open Economy AS/AD Model Prof. Lutz Hendricks Econ520 November 13, 2013 1 / 35 Objectives In this section you will learn: 1 how to analyze an open economy in the medium run…