Figure 36-6 In Figure 36-6, an Expansive Fiscal Policy in a Closed

question 41

Multiple Choice

Figure 36-6

In Figure 36-6, an expansive fiscal policy in a closed economy results in an equilibrium at point E. In an open economy, allowing for the effects of the induced change in the currency value, the final equilibrium would be point

• A) B.
• B) F.
• C) J.
• D) H.

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Definitions:

Thread Callout

An annotation on a drawing specifying the characteristics of a threaded part, such as diameter, pitch, and thread type.

Hexagonal

Relating to a shape or object having six angles and sides, often used in reference to cross-sectional shapes of bolts or nuts.

Abbreviation

A shortened form of a word or phrase used for convenience.

M

Often used as an abbreviation for "meter" in metric measurements or as a designation for thousands in units of measure.