In a Simple Macro Model,it Is Generally Assumed That a Country's

question 54

Multiple Choice

In a simple macro model,it is generally assumed that a country's exports

• A)and imports are autonomous.
• B)and imports are induced.
• C)are autonomous,whereas imports are induced.
• D)are induced,whereas imports are autonomous.
• E)are always equal to investment.

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Definitions:

Federal Government

The national government of a federated state, which holds the authority to govern at a level above individual states or provinces.

Yearly Average

A statistical measure that represents the sum of values over a year divided by the number of values.

Great Depression

The Great Depression was a severe worldwide economic downturn that began in 1929 and lasted until the late 1930s.

Government Farm Subsidies

Financial assistance programs provided by the government to support farmers, stabilize food prices, and ensure a stable food supply.