When a nation's international borrowing is positive, then its national saving ________ its national investment.
A) exceeds
B) equals
C) is less than
C) is less than
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Since the abandonment of the Bretton Woods system, balance of payments considerations have become ________ important, and exchange rate considerations ________ important in the conduct of monetary policy
A) more; less B) more; more C) less; less D) less; more
Money market instruments are ________ term and ________ relative to capital market instruments
A) long; risky B) short; risky C) short; less risky D) long; less risky
During the Great Depression:
A. overall GDP rose. B. investment increased, but consumption decreased. C. both consumption and investment decreased. D. investment fell, but consumption increased.
Which of the following would most likely occur during the expansionary phase of the business cycle?
A. Demand-pull inflation. B. Cost-push inflation. C. Structural inflation. D. Frictional inflation.