In an open economy, injections and leakages are related as:
A) I + G = S + T.
B) I + G + X = S + T + M.
C) X + G = T + M.
D) none of the above
B
Economics
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The currencies of Poland and Iceland (the zloty and the krona, respectively) declined in value relative to the euro following the financial crisis of 2008. This means that the
A) zloty and krona appreciated in value against the euro. B) euro depreciated in value against the zloty and the krona. C) zloty and krona depreciated in value against the euro. D) zloty depreciated in value against the krona. E) Both A and B are correct.
Economics
The demand for a resource depends primarily on:
A. the supply of that resource. B. the demand for the product or service that it helps produce. C. the price of that input. D. the elasticity of supply of substitute inputs.
Economics