Multiple Choice
The main difference between the small open economy and the large open economy is that
A) the former faces a fixed international real interest rate,but the latter can influence it.
B) the former can influence the international real interest rate,but the latter cannot.
C) the former cannot maintain a large current account deficit,but the latter can.
D) the former can maintain a large current account deficit,but the latter cannot.
Correct Answer:
Verified
Correct Answer:
Verified
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