Name and briefly describe the three balance of payments accounts
What will be an ideal response?
The current account is a record of international receipts and payments for imports, exports, net interest and net transfers. The capital and financial account is a record of net foreign investment, that is, investment in the United States minus U.S. investment abroad. The official settlements account is a record of the change in U.S. official reserves.
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Answer the following statement true (T) or false (F)
If the multiplier is 10, the marginal propensity to consume must be 0.1
Indicate whether the statement is true or false
A perfectly competitive firm's short-run supply is infinite at the market price
a. True b. False Indicate whether the statement is true or false
If P denotes the price of goods and services measured in terms of money, then
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