Ayushi Asked a Question
August 13, 2020 12:40 pmpts 30 pts
63. The multiplier in an open economy is as income level increases, than in a closed economy because, (1) greater, there is a wider market available (2) smaller, some of the increase will be used to buy imports (3) greater, exports become more attractive to foreigners (4 smaller, consumers buy goods that had previously been sent abroad
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  • Nidhi taparia thankyou
    The option (2) is correct. It is very interesting to note how the multiplier in closed economy is greater than the multiplier in open economy. Please refer to the image for compl...
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    • cropped1017315430228773821.jpg
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  • Ayushi
    what is the meaning of since m > o
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  • Ayushi
    since m > o
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  • Ayushi
    since m > o
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