Which of the following is a credit in the U.S. current account?
a. A U.S. consumer buys a TV made in Malaysia
b. Singapore Airlines buys a jumbo jet made in the United States.
c. British investors purchase U.S. government bonds.
d. An American citizen flies to Lithuania on the Lithuanian Airlines.
b
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An increase in government spending increases the supply of money in our economy
Indicate whether the statement is true or false
Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
Explain why tariffs are a primary revenue source for less-developed countries but not for developed countries
What will be an ideal response?
The part of a business cycle that follows a peak is the:
a. trough phase of the cycle. b. break-even point of the cycle. c. peak period of the cycle. d. recessionary phase of the cycle. e. expansionary phase of the cycle.