Consider an Open-Economy AD/AS Macro Model

question 1

Multiple Choice

Consider an open-economy AD/AS macro model.An expansionary fiscal policy will generally increase the government's budget ________ and also tends to ________ and thus ________ net exports.

• A)deficit; appreciate the currency; decrease
• B)surplus; depreciate the currency; increase
• C)deficit; appreciate the currency; increase
• D)surplus; appreciate the currency; decrease
• E)deficit; depreciate the currency; decrease

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Definitions:

Vicariously Liable

A legal principle under which an individual or entity can be held legally responsible for the actions of another, typically in an employer-employee relationship.

Vicarious Liability

Refers to the legal responsibility of one party for the actions of another, typically in employer-employee relationships.

Time and Place Theory

A concept in communication that considers how the time and place of a message's receipt affect its interpretation.

Workplace Harassment

Unwelcome conduct in a professional environment that can lead to a hostile work atmosphere or affect an employee's job performance.