In a Large Country,the Effect of a Given Change in Government

question 61

Multiple Choice

In a large country,the effect of a given change in government spending

• A)on output is large and the effect on the trade balance is small.
• B)on output is large and the effect on the trade balance is large.
• C)on output is small and the effect on the trade balance is small.
• D)on output is small and the effect on the trade balance is large.

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Definitions:

Freedom

The freedom or right permitting one to carry out actions, express thoughts, or consider ideas in an uninhibited and unrestricted manner.

American Society

A broad concept encompassing the social structures, cultural norms, and collective behaviors of the people living in the United States.

Civil War

A conflict from 1861 to 1865 in the United States between the northern states (Union) and southern states (Confederacy) primarily over the issues of slavery and states' rights.

California

A U.S. state on the west coast, known for its diverse geography, significant economic contributions, and cultural impact.