From the 1990s to the present, the U.S. current account balance has had a ________, and the U.S. capital and financial account balance has had ________
A) deficit; a deficit
B) deficit; a surplus
C) surplus; a deficit
D) deficit; neither a deficit nor a surplus
E) surplus; a surplus
B
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In the 1960s, the U.S. experienced ongoing inflation. What was the main cause of this inflation?
a. The economy's self-correcting mechanism was allowed to operate. b. The Federal Reserve maintained an output target. c. The Federal Reserve increased the money supply in response to positive demand shocks. d. The Federal Reserve pursued an active monetary policy. e. The Federal Reserve increased the money supply in response to negative demand shocks.
How does this graph show an increase in total revenue?
a. Area a is larger than area c.
b. Area b is larger than area a.
c. Area c is smaller than area b.
d. Area b is equal to area a.
When the government provides a legal framework,
A. Private market transactions benefit and government market transactions benefit. B. Private market transactions suffer and government market transactions benefit. C. Private market transactions suffer and government market transactions suffer. D. None of the choices are correct.
Discuss the differences between developing and emerging market economies
What will be an ideal response?