What is the national income identity for an open economy?
What will be an ideal response?
Y = C + I + G + EX - IM
Economics
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Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A's excess reserves increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
Economics
Give an example of an automatic stabilizer. Explain how automatic stabilizers work in the case of recession
What will be an ideal response?
Economics