True/False
One reason so many people focus on the trade deficit is that if we import more, equilibrium income will rise, ceteris paribus.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q124: The average propensity to save is calculated
Q125: If disposable income is $250 and saving
Q148: Consumption spending is<br>A) spending by households, businesses,
Q164: If disposable income increases from $250 to
Q165: Which expenditure component decreased the most between
Q168: Suppose the marginal propensity to consume in
Q170: When consumer confidence falls in an economy,
Q172: Which of the following statements is (are)
Q203: According to Keynesian analysis, if households intend
Q254: As income increases, consumption<br>A) increases at a