Assume a Country Is Open

question 81

Multiple Choice

Assume a country is open.Given this information,which of the following must occur?

• A)demand for domestic goods will be equal to the domestic demand for goods
• B)demand for domestic goods will be greater than the domestic demand for goods
• C)demand for domestic goods will be less than the domestic demand for goods
• D)S + T = I + G
• E) none of the above

Understand the assertions of classical economists regarding market adjustments, full employment, and inflation.

Analyze the role of government policy in adjusting aggregate demand to influence economic outcomes.

Examine the causes and solutions to economic recessions and depressions.

Understand the concepts of mixed, variable, and fixed costs and how they are classified and used in accounting.

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Definitions:

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