In a closed economy, the goods market is in equilibrium when
A) Y = S + I + G.
B) C + S = I + G.
C) C + I = S + G.
D) Y = C + I + G.
Correct Answer:
Verified
Q8: A closed economy is one in which
A)investment
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
Q14: Evidence suggests that when government purchases rise
A)national
Q15: An increase in the real interest rate
Q16: An increase in the expected profitability of
Q17: In a closed economy, if the goods
Q18: Why did the Fed cut interest rates
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