Suppose an Open Economy Is in Equilibrium

question 14

Multiple Choice

Suppose an open economy is in equilibrium.Given this information,we know with certainty that

• A)G = T.
• B)X = IM.
• C)S = I.
• D)Y = Z.

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Definitions:

Complements

Items frequently purchased in tandem, where a rise in the demand for one item results in a heightened demand for its companion product.

Shift Left

In software development, the practice of integrating and addressing quality and testing earlier in the development process.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices.

Chipotle

An international chain of fast-casual restaurants specializing in tacos and Mission-style burritos.