Economy, asked by bekeshsingh2675, 11 months ago

Write the formula of aggregate demand in an open economy.

Answers

Answered by depak30

Answer:

The equation for aggregate demand proposed by the Mundell-Fleming model of a large open economy is Y = C(Y - T) + I(r) + G + NX(e). Y represents income or output. C(Y - T) represents consumption as a function of disposable income, defined as income less taxes

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