Multiple Choice
Suppose that a mixed open economy is producing at its equilibrium level of income and that net exports are zero.If at the equilibrium income level the public sector's budget shows a surplus:
A) Ca + Ig + Xn + G must exceed GDP.
B) planned investment must exceed saving.
C) a recessionary expenditure gap must exist.
D) saving must exceed planned investment.
Correct Answer:
Verified
Correct Answer:
Verified
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