Which of the following is true for a "closed economy"?
A) government spending equals taxes
B) there are no imports or exports
C) exports equal imports
D) there is no saving
E) there is no government spending or taxes
Correct Answer:
Verified
Q14: Suppose the consumption equation is represented by
Q15: Which of the following represents total saving
Q16: Suppose the consumption equation is represented by
Q17: An economy is in equilibrium when which
Q18: Equilibrium in the goods market requires that
A)production
Q20: Which of the following types of government
Q21: Autonomous spending in a closed economy equals
Q22: An increase in the marginal propensity to
Q23: Suppose an open economy is in equilibrium.Given
Q24: For a closed economy,which of the following
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