Expansionary fiscal policy in an open economy has a
a. greater effect than in a closed economy.
b. similar effect in a closed economy.
c. smaller effect than in a closed economy.
d. greater effect than monetary policy.
c
Economics
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The quantity of money people want to hold increases if
A) the price level falls. B) the nominal interest rate rises. C) real GDP increases. D) All of the above answers are correct.
Economics
"Supply" is best defined as the relationship between:
A) the current price of a good and the quantity supplied at that price. B) the price of a good or service and the quantity supplied by producers at each price during a period of time. C) the cost of producing a good and the price consumers are willing to pay for it. D) the quantity supplied and the price people are willing to pay for a good.
Economics