Suppose That the Economy Is in Equilibrium with the Government

question 39

Multiple Choice

Suppose that the economy is in equilibrium with the government budget is in deficit and with saving is less than investment.According to the circular flow model,

• A)imports must exceed exports
• B)imports must be less than exports
• C)imports must equal exports
• D)imports could be less than or equal to exports
• E)it is impossible to determine anything about imports and exports with the given information

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Definitions:

Sensory Receptor Cells

Cells that are specialized to respond to environmental stimuli and convert them into neural signals.

Top-Down Processing

An approach to processing information where perception starts with a broader understanding or general knowledge before focusing on finer details.

Chocolate Truffles

A type of confectionery made from chocolate ganache often coated in cocoa powder, nuts, or chocolate, usually in a spherical or ellipsoidal shape.

Tasted Better

A subjective evaluation indicating that something has a more pleasing flavor than expected or compared to others.