In an Open Economy with Government and Demand- Determined Output

question 29

Multiple Choice

In an open economy with government and demand- determined output, a decrease in the equilibrium level of national income could be caused by

• A)a decrease in the desired level of saving at all levels of income.
• B)an increase in government purchases.
• C)a decrease in the desired level of imports at all levels of income.
• D)a decrease in taxes at all levels of income.
• E)a decrease in desired consumption at all levels of income.

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Definitions:

Radioactive Waste

Materials that are radioactive and for which there is no practical use, requiring managed disposal to protect human health and the environment.

Rural Poverty

Economic hardship experienced by individuals and families living in rural areas, often characterized by limited access to resources, education, and employment.

Native American Groups

Indigenous peoples of the United States, including various tribes, nations, and bands, each with their own distinct cultures, languages, and histories.

Urban

Pertaining to or characteristic of a city or town.