This year a country loaned more to the rest of the world than it borrowed from the rest of the world. In addition, the country has invested more in the rest of the world than other countries have invested in it
The country is currently a ________ and also a ________. A) net lender; creditor nation
B) net borrower; creditor nation
C) net borrower; debtor nation
D) debtor nation; net lender
A
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Between 1810 and 1850, the U.S. population living in the trans-Appalachian states increased significantly
Indicate whether the statement is true or false
If the spending multiplier equals 5 and equilibrium income is $2 billion below potential GDP, then _____ to reach the potential real GDP level
a. total spending needs to increase by $0.1 billion b. nominal GDP needs to increase by $1.2 billion c. total spending needs to decrease by $6 billion d. nominal GDP needs to decrease by $12 billion e. total spending needs to increase by $0.4 billion
Suppose Heidi's Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be
A. U-shaped. B. downward sloping to the right. C. upward sloping to the right. D. horizontal.
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. If the British price level decreases, the supply of pounds will
A. shift from S1 to S0. B. shift from S0 to S2. C. shift from S1 to S2. D. not change.