Which of the following is true for a "closed economy"?
A) government spending equals taxes
B) there are no imports or exports
C) exports equal imports
D) there is no saving
E) there is no government spending or taxes
B
Economics
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A society's organized way of providing for its people's needs and wants
a. command economy b. inflation c. capitalism d. economic system
Economics
In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the unemployment rate reached in the depths of the Great Depression
A) about two percentage points more than B) roughly equal to C) about three percentage points less than D) about half of E) less than one-third of
Economics