In an open economy, aggregate supply consists of domestic production
A)plus imports.
B)plus exports.
C)minus imports.
D)minus exports.

Name: In an open economy, aggregate supply consists of domestic production A)plus imports. B)plus exports. C)minus imports. D)minus exports.
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Question

Quizplus · Accepted Answer

In an open economy, aggregate supply consists of both domestic production and imports. This is because imports are also available for consumption and contribute to the overall supply in the economy.

In an Open Economy, Aggregate Supply Consists of Domestic Production