Multiple Choice
International capital flows in an open economy have the effect of
A) increasing the power of fiscal policy.
B) reducing the power of fiscal policy.
C) reducing the power of fiscal policy in an expansion, and increasing it in a contraction.
D) increasing the power of fiscal policy in an expansion, and reducing it in a contraction.
Correct Answer:
Verified
Correct Answer:
Verified
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Q168: Figure 36-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 36-5
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