Suppose That a Mixed Open Economy Is Producing at Its

question 69

Multiple Choice

Suppose that a mixed open economy is producing at its equilibrium level of income and that net exports are zero.If at the equilibrium income level the public sector's budget shows a surplus:

• A)C_a + I_g + X_n + G must exceed GDP.
• B)planned investment must exceed saving.
• C)a recessionary expenditure gap must exist.
• D)saving must exceed planned investment.

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Definitions:

Hemisphere

Half of a spherical or roughly spherical structure, especially one of the two halves of the brain.

Stem Cells

Undifferentiated cells capable of giving rise to various other cell types or tissues in the body, involved in growth, repair, and development.

Neurons

Specialized cells in the nervous system that transmit information to other cells through electrical and chemical signals.

Glia Cells

Non-neuronal cells in the central and peripheral nervous systems that do not produce electrical impulses but are responsible for support and maintenance of neural cells.