A nation's official reserve transaction account
A) is always a positive number.
B) is always a negative number.
C) is always equal to zero.
D) compensates for the differences in the current and capital accounts.
Answer: D
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If demand pull inflation occurs when the economy is already at potential GDP, then following the initial increase in aggregate demand, the
A) AS curve shifts rightward. B) potential GDP line shifts rightward. C) AS curve shifts leftward. D) potential GDP line shifts leftward. E) None of the above is correct because demand-pull inflation shifts only the aggregate demand curve.
When the interest rate on newly issued bonds increases, the price of existing bonds:
A. decreases. B. may either increase or decrease. C. increases. D. increases only if the coupon rate is below the new rate.
Table that shows the relationship between the price of a good and the quantity demanded
What will be an ideal response?
Other things equal, biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel
A. $60 B. $80 C. $100 D. $120