The aggregate demand in country X is given by the equation AD = C + I + (X – M). Four students are asked to complete the two missing words in the statement about the economy of country X. ‘Country X is ......1...... economy ......2...... a government.’ Which student is correct?
- Agap 1: a closed; gap 2: with
- Bgap 1: a closed; gap 2: without
- Cgap 1: an open; gap 2: with
- Dgap 1: an open; gap 2: without