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What is the effect of an increase in foreign income on an open economy's equilibrium level of income?a)It leads to a decrease in the equilibrium income.b)It has no impact on the equilibrium income.c)It leads to an increase in the equilibrium income.d)It causes a movement along the equilibrium income.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the effect of an increase in foreign income on an open economy's equilibrium level of income?a)It leads to a decrease in the equilibrium income.b)It has no impact on the equilibrium income.c)It leads to an increase in the equilibrium income.d)It causes a movement along the equilibrium income.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the effect of an increase in foreign income on an open economy's equilibrium level of income?a)It leads to a decrease in the equilibrium income.b)It has no impact on the equilibrium income.c)It leads to an increase in the equilibrium income.d)It causes a movement along the equilibrium income.Correct answer is option 'C'. Can you explain this answer?.

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