An itemized account of a nation's foreign economic transactions is its:
a. gross domestic product.
b. goods exports.
c. goods imports.
d. balance of payments.
e. foreign exchange reserves.
d
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If a good is inferior, its income elasticity will be
A) 0. B) 1.0. C) negative. D) positive.
Refer to Figure 28-2. At which point are inflation expectations equal to the actual inflation rate?
A) A B) B C) C D) all of the above
Refer to the graph shown. An expansionary fiscal policy would be most appropriate when the economy is at point:
A. E. B. B. C. C. D. D.
Exhibit 1A-4 Straight line
Straight line A-D in Exhibit 1A-4 shows that:
A. as the X value increases by 80, the Y value increases by 40 so the slope is 2. B. as the Y value increases by 40, the X value increases by 80 so the slope is 1/2. C. increasing values for X do not affect the value of Y. D. increasing values for Y do not affect the value of X.