In the Open-Economy Macroeconomic Model, at the Equilibrium Real Interest

question 54

True/False

In the open-economy macroeconomic model, at the equilibrium real interest rate, the amount that people (including government) want to save exactly balances desired domestic investment.

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Definitions:

RLC Parallel Circuit

An electrical circuit consisting of a resistor (R), inductor (L), and capacitor (C) connected in parallel with each other.

Power Factor

A measure of how effectively electrical power is converted into useful work output, representing the ratio of real power flowing to the load to the apparent power.

Circuit

An electrical path between two points.

Unity

100%, or 1.