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    Exam 5: A Closed-Economy One-Period Macroeconomic Model
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    An Economy That Has No Interaction with the Rest of the World
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An Economy That Has No Interaction with the Rest of the World

Question 22

Question 22

Multiple Choice

An economy that has no interaction with the rest of the world is called


A) an isolated economy.
B) a closed economy.
C) a parochial economy.
D) a rogue nation.

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