A closed economy is one that
A) uses tariffs.
B) uses quotas to restrict trade.
C) uses exchange controls.
D) does not trade with other nations.
Correct Answer:
Verified
Q109: The anticipated effect of contractionary monetary policy
Q110: The reason that higher interest rates reduce
Q111: What important lesson did American economists learn
Q112: For a major country with extensive capital
Q113: A currency depreciation
A)reduces aggregate demand and increases
Q115: International trade tends to lower the value
Q116: International capital flows are purchases and sales
Q117: Expansionary fiscal policy in an open economy
A)leads
Q118: Because the United States is highly integrated
Q119: Figure 36-5
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents