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U sing symbols and explaining their meaning, distinguish between: (1) the domestic demand for goods; and (2) the demand for domestic goods for an...

a. Using symbols and explaining their meaning, distinguish between: (1) the domestic   demand for goods; and (2) the demand for domestic goods for an open economy.

           b. Explain why the demand for domestic goods curve (ZZ) has a different slope than the          domestic demand for goods curve (DD).

           b. Using fully labeled ZZ/Y and NX/Y figures, illustrate graphically and EXPLAIN    INTUITIVELY (i.e., by economic relationships) what effect, if any, an increase in       taxes has on output, exports, imports, and net exports.  

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a) The demand for domestic goods represents the demand for goods produced IN a country. This measure will take into account... View the full answer

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