true false Question 1According to Say's Law, the act of producing output generates sufficient income to ensure all outputis purchased.TrueFalseQuestion 2A country that is a net lender has a positive value for net foreign investment, but a negative value fornet exports.TrueO FalseQuestion 3If a deficit-financed increase in government spending leads to an increase in the international valueof the dollar, net exports will likely decrease.WMacBook Air

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According to Say's Law, the act of producing output generates sufficient income to ensure all output is purchased. True O False

Principles of Macroeconomics (MindTap Course List)

7th Edition

ISBN:9781285165912

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Open-Economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 3QCMC

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