Expansionary Fiscal Policy in an Open Economy Has a

question 209

Multiple Choice

Expansionary fiscal policy in an open economy has a

• A)greater effect than in a closed economy.
• B)similar effect in a closed economy.
• C)smaller effect than in a closed economy.
• D)greater effect than monetary policy.

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Definitions:

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The 19th Century denotes the period from January 1, 1801, to December 31, 1900, characterized by industrial, cultural, and political change globally.

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Sectors of the economy that provide intangible goods or services to consumers, such as healthcare, education, and finance.

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Sites or areas where gold is extracted from the earth, usually involving both surface and underground operations.

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Individuals from China who move to another country, often for reasons including economic opportunities, family reunification, or to escape political persecution.