Suppose there is a reduction in foreign output (Y*) .This reduction in Y* will cause which of the following in the domestic country?
A) a reduction in output
B) a reduction in consumption
C) a reduction in net exports
D) all of the above
E) none of the above
Correct Answer:
Verified
Q2: Assume the Marshall-Lerner condition holds.Which of the
Q3: Using the ZZ / Y and NX
Q4: Explain the determinants of exports and imports.
Q5: Which of the following represents the domestic
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Q7: In an open economy,an increase in government
Q8: Which of the following is true when
Q9: The quantity of imports will increase when
Q10: Which of the following occurs when the
Q11: In an open economy,which of the following
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