30. If the above economy was closed to international trade, the equilibrium GDP and the multiplier would be:
A) $300 and 5. B) $350 and 4. C) $400 and 4. D) $350 and 5.
31. Refer to the above table. For the open economy the equilibrium GDP and the multiplier are:
A) $300 and 2.5. B) $450 and 5. C) $400 and 4. D) $400 and 5.
This question was answered on: May 23, 2022
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