Multiple Choice
Which of the following statements is true?
A) The open-economy IS curve is derived in the same way that the closed-economy IS curve is derived.
B) The closed-economy IS curve is downward sloping,but the open-economy IS curve is upward sloping.
C) Some factors that shift the IS curve in the closed economy in one direction will shift the IS curve in the open economy in the opposite direction.
D) Factors that raise a country's current net exports,given domestic output and the domestic real interest rate,shift the open-economy IS curve up.
Correct Answer:

Verified
Correct Answer:
Verified
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