For the goods market to be in equilibrium in a closed economy, which of the following must be true?
A) Y = S + I + G
B) S + I = C + G
C) S + G = Y + C
D) S = I
D
Economics
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Which of the following is not a drawback of forecasting using the compound growth rate method?
A) only considers first and last observations B) considers only equal absolute changes C) disregards fluctuations between the original and terminal observations D) does not consider any trends in the data
Economics
The cross-price elasticity of demand can tell us whether goods are
a. normal or inferior. b. elastic or inelastic. c. luxuries or necessities. d. complements or substitutes.
Economics