The _____ account reflects the movement of goods and services into and out of the country. The _____ account reflects the flow of financial assets into and out of the country
a. universal transfer; financial
b. universal transfer; current
c. current; financial
d. capital; current
e. capital; financial
c
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There are substantial racial differences in college attendance, within income classes
Indicate whether the statement is true or false
One problem with constructing a perfectly complete realistic economic model is that
A) it would be too simplistic to have any value. B) it would be far too complicated to analyze. C) politicians see little value in such a model. D) None of the above is true.
Inflation can come from the demand side or from the supply side of the economy
a. True b. False Indicate whether the statement is true or false
One problem for economic stability is that in a period of inflation
a. banks will be tempted to increase lending in order to increase profits. b. banks will be tempted to decrease lending in order to increase profits. c. profit-oriented banks will tend to hold excess reserves and decrease the money supply. d. deposits will decrease and banks will have to reduce lending.