Over the past three decades, the United States has
a. generally had, or been very near to a trade balance.
b. had trade deficits in about as many years as it has trade surpluses.
c. persistently had a trade deficit.
d. persistently had a trade surplus.
c
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What is an indifference curve and how does a preference map show preferences?
What will be an ideal response?
If everyone in the economy correctly anticipates the inflation rate, the unemployment rate
A) will be the natural rate of unemployment. B) will be the cyclical rate of unemployment. C) will be inversely related to the expected inflation rate. D) will be positively related to the expected inflation rate.
The availability of substitutes makes the demand for a good less elastic
a. True b. False
Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?
a. fire sale b. short sale c. long sale d. liquidity sale