With a decrease in the budget deficit, the open-economy outcome compared to the closed-economy outcome features a ___________ in Real GDP
A) larger increase
B) smaller increase
C) larger decrease
D) smaller decrease
C
Economics
You might also like to view...
If a monopolistically competitive firm raises its price, it
a. loses all of its customers (sales drop to zero) b. loses some, but not all, of its customers c. loses very few customers d. loses no customers at all e. gains customers (sales increase)
Economics
The average total cost curve of a firm is U-shaped
a. True b. False Indicate whether the statement is true or false
Economics
A buyer's response to a change in income is an example of a "change in demand."
a. True b. False Indicate whether the statement is true or false
Economics
Comparative advantage is always a(n)concept.
A) absolute B) efficiency C) relative D) monetary
Economics