Other things being equal,a closed economy will have a ________ marginal propensity to spend and thus a ________ AD curve compared to an open economy with foreign trade.
A) lower; flatter
B) higher; flatter
C) higher; steeper
D) lower; rightward shift of the
E) lower; leftward shift of the
Correct Answer:
Verified
Q37: On a graph that shows the derivation
Q38: Q39: Which of the following could cause a Q40: Which of the following would likely cause Q41: Other things being equal,a higher marginal propensity Q43: Consider the relationship between the AE curve Q44: Other things being equal,an economy with a Q45: Consider two economies,A and B.Economy A has Q46: The economy's aggregate supply (AS)curve shows the Q47: Consider two economies,A and B.Economy A has
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