Because of the large current account deficits accumulated by the United States since 1981, the United States has become a
A) nation with no official reserves.
B) balanced nation.
C) broke nation.
D) creditor nation.
E) debtor nation.
The table above gives data on the U.S. balance of payments in 2019.
E
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Refer to the table below. The law of diminishing marginal returns becomes evident after ________ units of output are produced.OutputPer DayNumber ofEmployeeHours Per Day00331662994132716511
A. 66 B. 33 C. 132 D. 99
According to the text, the Fed and other policy makers are concerned about:
A. inflation rates that are too high only. B. inflation rates that are either too high or too low compared to its set target. C. inflations rates that are too low only. D. annual inflations rates that exceed 10%.
Eminent domain can help eliminate the holdout problem
Indicate whether the statement is true or false
We use a two-period model because
A) the business cycle has two phases: contraction and recovery. B) it is the simplest dynamic model. C) we want to make a distinction between young and old households. D) this is the horizon of the politicians that formulate policy.