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    Exam 5: A Closed-Economy One-Period Macroeconomic Model
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    An Economy That Has No Interaction with the Rest of the World
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An Economy That Has No Interaction with the Rest of the World

Question 2

Question 2

Multiple Choice

An economy that has no interaction with the rest of the world is called


A) an isolated economy.
B) a closed economy.
C) a parochial economy.
D) a rogue nation.
E) an interdependent economy.

Correct Answer:

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