An economy that has a domestic and a foreign sector is called:
A) a mixed economy.
B) an open economy.
C) a closed economy.
D) a command economy.
B
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The coefficient of determination is the proportion of the variation that is not explained by the regression model
Indicate whether the statement is true or false
According to the text, the net public debt to Gross Domestic Product (GDP) ratio is currently about
A) 10%. B) 25%. C) 60%. D) 120%.
If the Fed sells a T-bill to an individual rather than to a commercial bank, how will this affect the money supply?
A. It will increase the money supply. B. It will increase the checking account balance of the individual. C. It will have no effect on the money supply. D. It will decrease the money supply.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.