When Determining the AE Function for an Open Economy with Government,it

question 38

Multiple Choice

When determining the AE function for an open economy with government,it is generally assumed that as real national income

• A)increases,exports will decrease.
• B)increases,net exports will decrease.
• C)increases,imports will decrease.
• D)decreases,net exports will decrease.
• E)decreases,exports will decrease.

---

Definitions:

Minutes

Units of time equal to sixty seconds or one-sixtieth of an hour.

Driving Hours

The number of hours spent operating a vehicle, either for a specific period or cumulatively over time.

School

An educational institution where students receive learning and instruction, typically in a variety of subjects.

Categorical Variable

A variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual to a particular group or nominal category.