6 A "closed" economy is one in which the:O domestic savings equal domestic investment.O domestic interest rate equals the world interest rate.O level of output is fixed.O price level is fixed.

Total income is equal to total expenditure in a closed economy, it is shown by the following…

Answered: A "closed" economy is one in which the:…

A "closed" economy is one in which the: domestic savings equal domestic investment. domestic interest rate equals the world interest rate. level of output is fixed. O price level is fixed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A "closed" economy is one in which the:
O domestic savings equal domestic investment.
O domestic interest rate equals the world interest rate.
O level of output is fixed.
O price level is fixed.

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