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