macroeconomics
4 to 6 pages
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- Defines and explains a closed system and provides an example.
- Defines and explains an open system and provides an example.
- Explains the inner and outer flows of a closed system.
- Explains the inner and outer flows of an open system.
- Defines and explains leakages in an open system.
- Defines and explains injections in an open system.
- Provides a personal example of a leakage, describes it and explains it.
- Provides a personal example of an injection, describes it and explains it.