A closed economy is one in which
A) investment spending is zero.
B) government spending is zero.
C) there are no international flows of saving and investment.
D) demand equals supply in every market.
Correct Answer:
Verified
Q3: An increase in government purchases reduces national
Q4: Which of the following is NOT a
Q5: For the goods market to be in
Q6: In a closed economy, national saving equals
A)C
Q7: In a closed economy, the total quantity
Q9: In macroeconomic models, Y typically represents
A)aggregate wealth.
B)the
Q10: A general equilibrium is an outcome in
Q11: In the saving-investment diagram, an increase in
Q12: In macroeconomic models, Y stands for
A)only aggregate
Q13: In a closed economy, the goods market
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