The distinction between international trade and international money is not entirely clear because
A) real developments in the trade accounts do not have monetary implications.
B) the balance of payments includes only real measures.
C) developments caused by purely monetary changes have no real effects.
D) trade models focus on real, or barter relationships.
E) most international trade involves monetary transactions.
E
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The U.S. money supply measure that consists of currency plus travelers checks and check able deposits is referred to as
a. M1. b. M2. c. M3. d. M1 + M2.
For a given price level, a downward shift of the expenditures schedule corresponds to an
A. inward shift of the aggregate demand curve. B. outward shift of the aggregate demand curve. C. outward shift of the aggregate supply curve. D. inward shift of the aggregate supply curve.
Economists use the phrase "business cycle" when referring to fluctuations in:
A. real GDP. B. the chain price index. C. the consumer price index. D. the general level of prices.
A government that currently has a budget deficit can balance its budget by...
What will be an ideal response?