November 23 2020 | Modern Money Theory: Week 3 | Back Next |
Trust me, this refactors to:
(S - I) + (T - G) + (M - X) ≡ 0
Does that look familiar?
Domestic Private Sector Balance (S - I)
+ Government Sector Balance (T - G)
+ Foreign Sector Balance (M - X) ___________________________________
≡ 0
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