(Advanced analysis) If S = -60 + .25Y and I g = 60, where S is saving, I g is gross investment, and Y is gross domestic product (GDP), then the equilibrium level of GDP is:

A common pool resource is nonrival and nonexcludable

Indicate whether the statement is true or false

If the demand for Home exports decreased abroad, the Home fall in output would be greatest

A) if the decrease was temporary and the exchange rate was fixed. B) if the decrease was temporary and the exchange rate was floating. C) if the decrease was permanent and the exchange rate was fixed. D) if the decrease was permanent and the exchange rate was floating. E) if the decrease was permanent and the exchange rate was high.