A small open economy reduces its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________

A) fall; fall
B) remain unchanged; rise
C) fall; rise
D) remain unchanged; fall


D

Economics

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Cash and similar assets held to meet depositor withdrawals or payments are called:

A. bank reserves. B. money. C. deposits. D. checking accounts.

Economics

Approximately how many slaves were brought from Africa to the New World during the operation of the transatlantic slave trade?

a. 50,000 b. 700,000 c. 5 million d. 10 million

Economics

The "cost disease of personal services" phenomenon helps explain why medical care has become so expensive

a. True b. False Indicate whether the statement is true or false

Economics

A six-month decline in GDP is known as a

A. depression. B. productivity increase. C. recession. D. trade deficit.

Economics