A closed economy can only occur where

A closed economy can only occur where... O a X = M = 0 O b. NX = 0 O c. X-M = 0 O d. X = M
An increase in the tax rate will... O a. Make the AE curve steeper. O b. Shift down the AE curve. O c. Increase the spending multiplier. O d. Reduce the spending multiplier.
Net taxes... a. Decrease as government spending increases. b. Increase as government spending increases. O c. Increase as income increases. O d. Decrease as aggregate demand increases.
Inputs are also known as... O a. Aggregate supply. O b. Productivity. O c. Planned expenditure. O d. Factors of production.
Fiscal policy is a government tool to... a. Keep the economy always operating with a positive output gap. O b. Interest rates O c. Control the amount of money printed. d. Stabilise real output.
Transitory fluctuations in autonomous expenditure are best dealt with through... a. Discretionary fiscal policy. b. Automatic stabilisers. c. Permanent policy changes. d. Changing consumer confidence.