An Increase in Domestic Demand Will Have Which of the Following

question 67

Multiple Choice

An increase in domestic demand will have which of the following effects in an open economy?

• A)a smaller effect on output than in a closed economy and a positive effect on the trade balance
• B)a smaller effect on output than in a closed economy and a negative effect on the trade balance
• C)a larger effect on output than in a closed economy and a positive effect on the trade balance
• D)a larger effect on output than in a closed economy and a negative effect on the trade balance

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Definitions:

Beck

Refers to Aaron T. Beck, a psychiatrist known for developing cognitive therapy, a foundational element in cognitive behavioral therapy.

Accurate Judgments

The ability to make assessments or decisions that closely reflect the true state of affairs or are correct based on evidence and reasoning.

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of thought patterns and beliefs in influencing behavior and emotions, aiming to change dysfunctional thinking.

Meta-Analysis

A comprehensive methodology for systematically reviewing, summarizing, and synthesizing existing research studies to establish patterns or conclusions.