Economy, asked by hmithravgds7998, 1 year ago

Explain the mundel - fleming model of open economy.

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Answered by Anonymous
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The Mundell-Fleming Model (MFM) describes the workings of a small economy open to international trade in goods and financial assets, and provides a framework for monetary and fiscal policy analysis.The basic framework is a static, non-microfounded model extending the Keynesian IS-LM model.

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