Suppose that the U.S. government acquires more foreign currency. This change is entered into which of the balance of payments accounts?
A) current account
B) capital and financial account
C) official settlements account
D) reserves account
E) trade account
C
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If the United States' unemployment rate is 10 percent and the capacity utilization rate is 70 percent, the economy is in the midst of a ____________.
Fill in the blank(s) with the appropriate word(s).
If the graph shown is displaying a competitive labor market:
A. P* would represent how many people are employed in the market. B. Q* would represent the equilibrium wage. C. D would represent the workers' demand for jobs at each wage. D. Q* would represent the equilibrium number of workers in the market.
Which of the following cases violates the property of transitivity?
A. A > B, B > C, A > C. B. A ~ B, B ~ C, A ~ C. C. A > B, B > C, C > A. D. None of the statements violates the transitivity property.
Present bias occurs because there is a mismatch in the timing of benefits and costs.
Answer the following statement true (T) or false (F)