If a change in government spending causes crowding in in an open economy, which of the following might increase in addition to consumption and investment?
A) unemployment B) net exports
C) supply and demand D) stock of capital
Question 2
A country imported goods and services worth 16 billion and exported goods and services worth 15.7 billion during a particular year. This implies that the country experienced a ________ during that year.
A) budget deficit B) trade deficit C) trade surplus D) budget surplus
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Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...