For a given amount of fiscal restraint, an open economy will experience, ceteris paribus, a shift in aggregate demand that isA. Greater than in a closed economy resulting in a larger decrease in GDPB. Less than in a closed economy resulting in a larger decrease in GDPC. Greater than in a closed economy resulting in a smaller decrease in GDPD. Less than in a closed economy resulting in a smaller decrease in GDP
For a given amount of fiscal restraint, an open economy will experience, ceterisparibus, a shift in aggregate demand that isA. Greater than in a closed economy resulting in a larger decrease in…
