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Author Question: In an open economy as the price level decreases, a(n) ____ in demand for domestic goods relative to ... (Read 77 times)

beccaep

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on: Jun 30, 2018
In an open economy as the price level decreases, a(n) ____ in demand for domestic goods relative to foreign goods results in a(n) ____ in the quantity of RGDP demanded.
 a. increase, decrease
  b. increase, increase
  c. decrease, decrease
  d. decrease, increase

Question 2

If Saving+Tax+Import > Investment+Government spending+Export, then _____ must fall to establish macroeconomic equilibrium.
 a. net exports
  b. gross exports
  c. taxes
  d. real GDP
  e. government spending


amit

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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beccaep

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Reply #2 on: Jun 30, 2018
Thank you :)


amit

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Reply #3 on: Jun 30, 2018
Happy to help you


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