Author Question: Expansionary fiscal policy may have an even smaller effect on aggregate demand in the open economy ... (Read 122 times)

faduma · **on:** Jun 30, 2018

Expansionary fiscal policy may have an even smaller effect on aggregate demand in the open economy than a closed economy.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following is true of the European Currency Unit?
a. It was used by the European nations as a medium of exchanging goods and services.
b. It was an accounting entry that was transferred between two European nations.
c. It was replaced by the euro in the early 1980s.
d. It was denominated in the British pound.
e. It was a primary international reserve asset of most of the nations across the world.