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    International Economics
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    Exam 17: The Income Adjustment Mechanism and Synthesis of Automatic Adjustments
  5. Question
    The Equilibrium Level of National Income in an Open Economy
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The Equilibrium Level of National Income in an Open Economy

Question 1

Question 1

Multiple Choice

The equilibrium level of national income in an open economy is given by:


A) I + X = S + M
B) X - M = S - I
C) I + (X-M) = S
D) all of the above

Correct Answer:

verifed

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