Multiple Choice
A closed economy is one in which
A) investment spending is zero.
B) government spending is zero.
C) there are no international flows of saving and investment.
D) demand equals supply in every market.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: In a large open economy,<br>A)domestic saving need
Q33: At points not on the IS curve,<br>A)the
Q34: Which of the following does NOT necessarily
Q35: Suppose that George is dissatisfied with the
Q36: An increase in expected inflation will<br>A)increase the
Q38: At a point below the IS curve,<br>A)there
Q39: The IS curve depicts the relationship between<br>A)aggregate
Q40: If GDP exceeds its full-employment level in
Q41: In a closed economy, national saving equals<br>A)C
Q42: In macroeconomic models, Y typically represents<br>A)aggregate wealth.<br>B)the