For a small, open economy when spending exceeds production then I. This country will run a trade deficit II. This country will be a net lender II. This country will export less than it imports a. Statements II and III are true Ob. Statements I and II are true C. Statements I, II and II are true O d. Statements I and II are true

For a small, open economy when spending exceeds production then I. This country will run a trade deficit II. This country will be a net lender II. This country will export less than it imports a. Statements II and III are true Ob. Statements I and II are true C. Statements I, II and II are true O d. Statements I and II are true

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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