An excess demand for domestic currency at current exchange rates is known as a
A. Balance-of-payments surplus.
B. Trade surplus.
C. Trade deficit.
D. Balance-of-payments deficit.
Answer: A
You might also like to view...
In a three-phase business cycle, the recovery phase is always followed immediately by _______.
A. the peak B. the trough C. recession D. prosperity
When a natural monopoly is regulated using a marginal cost pricing rule, what can you say about the firm's profit and the market's efficiency?
What will be an ideal response?
Real business cycle theory emphasizes the effect of ________ on economic performance
A) government spending B) the money supply C) aggregate supply shocks D) tax rates
Choice architecture can:
A. alter actual decisions and thus the ultimate outcomes. B. make it easier for people to make choices that will make them happier in the long run. C. help people make better choices without eliminating free choice. D. All of these statements are true.