Economic activity will go through an expansion phase when: A) The government budget has a surplus. B) The balance of trade has a deficit. C) The balance of trade has a surplus. D) Total leakages are greater than total injections.
Economic activity will go through an expansion phase when: A) The government budget has a surplus. B) The balance of trade has a deficit. C) The balance of trade has a surplus. D) Total leakages are greater than total injections.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 14QP
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Economic activity will go through an expansion phase when:
A) The government budget has a surplus.
B) The balance of trade has a deficit.
C) The balance of trade has a surplus.
D) Total leakages are greater than total injections.
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