If a small open economy reduces its budget deficit, the result will be:
A) a lower world real interest rate, but no change in the domestic real interest rate
B) a lower domestic real interest rate, but no change in the world real interest rate
C) lower domestic and world real interest rates
D) no change in either the domestic or world real interest rate
D
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What happens as the result of a shortage?
A) There is downward pressure on prices. B) There is upward pressure on prices. C) Consumers begin to view the good as an inferior good because they have a hard time finding it. D) Supply of the good decreases.
Refer to the below table and information. What is the marginal revenue product of the fifth worker?
Refer to the above table and information. What is the marginal revenue product of the fifth worker?
A. $6
B. $7
C. $8
D. $9