During which of the following periods did the U.S. economy have mostly small trade surpluses?
a. From the 1950s into the 1960s
b. From the 1960s into the 1970s
c. From the 1960s into the 1980s
d. From the 1970s into the 1980s
b. From the 1960s into the 1970s
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Suppose Kaylee withdraws $4,000 from her bank. If the reserve ratio is 25 percent, then this will lead to a decrease in M1 of
A) $1,000. B) $4,000. C) $8,000. D) $12,000.
Which of the following statements is true?
A) The marginal revenue of a monopolistically competitive firm will be positive at low prices and negative at high prices. B) The marginal revenue of a monopolistically competitive firm will be positive at high prices and negative at low prices. C) Because the demand curve for a monopolistically competitive firm is downward-sloping its marginal revenue will be negative. D) The marginal revenue of a monopolistically competitive firm will be always be positive.
In the financial crises of the 1990s, countries lost international reserves trying to maintain the parity of their currencies
a. True b. False Indicate whether the statement is true or false
When we look at exchange rates btwn two countries, what is the relationship between the exchange rate expressed in units of the domestic currency and the exchange rate expressed in units of the foreign currency?
a. They are both equal to one. b. They cancel each other out. c. One is always the reciprocal of the other. d. They can never coexist.