In the Classical Model,when an Open Economy Has Balanced Trade,Say's

question 165

True/False

In the classical model,when an open economy has balanced trade,Say's law holds.

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Definitions:

Behavior Modification

The use of empirically demonstrated behavior change techniques to improve behaviors, such as reinforcing desirable behaviors and reducing unwanted ones.

Behavioral Activation

A therapeutic approach that seeks to help individuals engage more in activities they find meaningful or enjoyable to improve mood and reduce depression.

Positive Punishment

An operant conditioning concept where an undesirable behavior is followed by an unpleasant stimulus to decrease the behavior's occurrence.

Bobo Doll

An experiment that demonstrated how children can learn aggressive behaviors through the observation of adult behavior.