We Will Generally Observe That the Less Open an Economy

question 5

Multiple Choice

We will generally observe that the less open an economy

• A)the larger the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position.
• B)the larger the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position.
• C)the smaller the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position.
• D)the smaller the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position.

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Definitions:

Shyness

A temperament or personality trait characterized by feelings of apprehension, lack of confidence, or nervousness in social situations.

Overeating

Consuming food in quantities greater than the body’s energy requirements.

Deprivation Dwarfism

A condition caused by extreme emotional or physical deprivation during childhood, resulting in stunted physical growth.

Growth Hormone

A hormone that stimulates growth, cell reproduction, and cell regeneration in humans and animals.