Author Question: An economy that does not have interactions in trade or finance with other economies is referred to ... (Read 39 times)

mspears3

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An economy that does not have interactions in trade or finance with other economies is referred to as
 
  A) a closed economy. B) an open economy.
  C) a net foreign investment economy. D) a trade-balanced economy.

Question 2

A decrease in aggregate demand results in a(n) ________ in the ________.
 
  A) expansion; long run B) recession; short run
  C) expansion; short run D) recession; long run



joanwhite

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Answer to Question 1

A

Answer to Question 2

B



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