Multiple Choice
Assume that a private-sector open economy is in equilibrium. Which of the following statements is false?
A) If savings exceeds investment, it must mean that export is greater than import.
B) If savings exceeds investment, it must mean that export is less than import.
C) If savings exceeds investment, export can be greater than or less than import.
D) If investment exceeds savings, it must mean that export is more than import.
Correct Answer:
Verified
Correct Answer:
Verified
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