Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In a large open economy, an investment tax credit raises the real interest rate, ______ the trade balance, and ______ net capital outflow. A.increases; decreases
In a large open economy, an investment tax credit raises the real interest rate, ______ the trade balance, and ______ net capital outflow.
A.increases; decreases
B.increases; increases
C.decreases; decreases
D.decreases; increases
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started