With respect to the IS curve for a small open economy
A) higher levels of the real interest rate are consistent with higher levels of real output.
B) higher levels of the real interest rate are consistent with lower levels of real output.
C) any value of real output is consistent with the equilibrium real interest rate.
D) any value of the equilibrium real interest rate is consistent with the equilibrium value of real output.
Correct Answer:
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Q31: In comparison with a closed economy, in
Q32: In a large open economy,
A)domestic saving need
Q33: In a move up the IS curve,
A)investment
Q34: During the first Gulf War
A)the interest rate
Q35: Which of the following would NOT cause
Q37: At a point below the IS curve,
A)there
Q38: At a point below the IS curve,
A)there
Q39: The IS curve for a small open
Q40: At points not on the IS curve,
A)the
Q41: The FE line would be shifted to
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