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Author Question: Which of the following is an exogenous variable in our model of the goods market in Chapter 3? A) ... (Read 42 times)

Starlight

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on: Jun 30, 2018
Which of the following is an exogenous variable in our model of the goods market in Chapter 3?
 
  A) consumption (C)
  B) saving (S)
  C) disposable income (YD)
  D) government spending (G)
  E) none of the above

Question 2

Which of the following is true for a closed economy?
 
  A) government spending equals taxes
  B) there are no imports or exports
  C) exports equal imports
  D) there is no saving
  E) there is no government spending or taxes


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josephsuarez

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

D

Answer to Question 2

B


Starlight

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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