Examlex
If the demand for net exports rises,which of the following happens in the open-economy macroeconomic model?
Efficient
Refers to the optimal use of resources to achieve the desired ends with minimal waste or effort.
Income
The amount of money received by an individual or entity in exchange for labor or through investments over a certain period.
Efficient Use
The utilization of resources in a manner that maximizes the production of goods and services.
Resources
Assets or inputs available for use in the production process, including natural, human, and capital resources.
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