Expansionary fiscal policy
A) raises Real GDP more in an open economy than in a closed economy.
B) raises Real GDP more in a closed economy than in an open economy.
C) raises Real GDP equally in an open economy and in a closed economy.
D) does not affect Real GD"P in an open economy.
B
Economics
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The crowding-out effect refers to
A) government spending crowding out private spending. B) private saving crowding out government saving. C) government investment crowding out private investment. D) private investment crowding out government saving.
Economics
Someone who is risk-averse has
A) diminishing marginal utility of wealth. B) constant marginal utility of wealth. C) increasing marginal utility of wealth. D) less marginal utility of wealth than someone who is risk-neutral.
Economics