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    Macroeconomics Study Set 43
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    Exam 11: A: The Aggregate Expenditures Model
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    Evaluate the Statement That "For an Open Economy the Equilibrium
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Evaluate the Statement That "For an Open Economy the Equilibrium

Question 36

Question 36

Essay

Evaluate the statement that "for an open economy the equilibrium GDP always corresponds with an equality of exports and imports."

Correct Answer:

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This statement would be true only by coi...

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