Question
Explain how is equilibrium output determined in an open economy?
Answer :
Word Count : 151
In an open economy, equilibrium output is determined where aggregate demand equals aggregate output. Aggregate demand includes consumption (C), investment (I), government spending (G), and net exports (NX = exports ________ _________ _____ _____ ______ _________ ___ ___ ________ ___ ________ ________.
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In an open economy, equilibrium output is determined where aggregate demand equals aggregate output. Aggregate demand includes consumption (C), investment (I), government spending (G), and net exports (NX = exports ________ _________ _____ _____ ______ _________ ___ ___ ________ ___ ________ ________.
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