Which of the following equations is always correct in an open economy?
a. I = Y - C
b. I = S
c. I = S - NCO
d. I = S + NX
c
Economics
You might also like to view...
Rational expectations theory is based on the assumption that:
A. wages and prices are flexible upward but inflexible downward. B. both product and resource markets are very competitive. C. product markets are competitive, but resource markets are monopolistic. D. both product and resource markets are monopolistic.
Economics
Refer to the diagrams. In which case would the coefficient of cross elasticity of demand be negative?
A. A
B. B
C. C
D. D
Economics