Which of the Following Are the Main Elements of Our

question 47

Multiple Choice

Which of the following are the main elements of our open-economy macroeconomic model?

• A)the market for loanable funds, the foreign-currency market, and the price level
• B)the market for goods and services, the price level, and GDP
• C)the market for goods and services, net capital outflow, and GDP
• D)the market for loanable funds, net capital outflow, and the foreign-currency market

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Definitions:

Currency Symbol

A graphical sign used as a shorthand for a currency's name, especially in reference to amounts of money.

Data Type

The classification of data based on the kind of value it holds, dictating how it can be used and stored.

Percent

A unit of measure equal to one hundredth of a total; a way to express fractions as parts of a hundred.

Format Property

A specification that determines the appearance or layout of elements within a software application or document.