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    Macroeconomics Study Set 12
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    Exam 5: Economic Growth, the Financial System and Business Cycles
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    In an Open Economy, the Relationship Between Total Income (Y)and
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In an Open Economy, the Relationship Between Total Income (Y)and

Question 60

Question 60

True/False

In an open economy, the relationship between total income (Y)and expenditures is:
Y = C + I + G.

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