A small open economy
A) is unable to affect the world real interest rate by its borrowing and lending decisions.
B) will always be a net borrower from abroad.
C) will always be a net lender abroad.
D) is almost never able to borrow abroad.
A
Economics
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A) their budget constraint. B) their income. C) relative prices. D) their marginal rate of substitution.
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The aggregate demand curve shows how real GDP purchased varies with changes in:
a. unemployment. b. output. c. the price level. d. the interest rate.
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