Which country has had a higher growth rate than the US over about the last 120 years?
a. Argentina
b. Germany
c. the United Kingdom
d. None of the above is correct.
b
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The International Monetary Fund divides nations into three groups. What are the three groups and what are the characteristics of each group?
What will be an ideal response?
If the current account is in surplus and the capital account is zero, then
A) net exports must be positive. B) the balance of payments must be in surplus. C) the financial account must be in deficit. D) there is a capital inflow.
Assume that there is an increase in perceived bankruptcy risk. As a result of this we would expect to see
a. income and interest rates to rise. b. money demand and interest rates to fall. c. money demand and interest rates to rise. d. money supply to rise and interest rates to fall.Figure 7-1
A price ceiling leads to? a(n) ________ if it is set below the equilibrium price.