At the equilibrium level of output Ye (in an open economy with Government), which of the following statements is most correct?
(a) S + T + M = I + G + X.
(b) AE = C + I + G + NX.
(c) AE = C + I + G + X - M.
(d) All of the above are true.
Answer: (b) AE = C + I + G + NX.
Economics
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