Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?

The level of crowding out associated with a tax cut will be smaller if the tax change has a supply-side effect than it will be if it only has a demand-side effect

Indicate whether the statement is true or false

Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained:

A. by small annual increases in supply accompanied by large annual increases in demand. B. in terms of a stable supply curve and increasing demand. C. in terms of a stable demand curve and increasing supply. D. as an exception to the law of supply.