Because of the increased global unrest, citizens in a small open economy are no longer travelling abroad for their holiday. As a consequence, in the long term the net exports of that small open economy will _____ a) increase because the national savings increased as well b) be unchanged because only the demand for net exports has increased c) fall because the national savings fell as well d) be unchanged because only the demand for net exports has decreased

Because of the increased global unrest, citizens in a small open economy are no longer travelling abroad for their holiday. As a consequence, in the long term the net exports of that small open economy will _____ a) increase because the national savings increased as well b) be unchanged because only the demand for net exports has increased c) fall because the national savings fell as well d) be unchanged because only the demand for net exports has decreased

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 5E

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