In the United States, imports have exceeded exports in every year since 1960
a. True
b. False
B
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If the actual interest rate in the money market is higher than the equilibrium interest rate, there would be an excess supply of money
Indicate whether the statement is true or false
The Fed purchases $100 million of U.S. government securities from First National Bank. The balance sheet for First National Bank shows ________ in its total assets and ________ in its total liabilities
A) no change; no change B) a $100 million increase; a $100 million increase C) a $100 million decrease; a $100 million increase D) a $100 million increase; no change E) a $100 million increase; a $100 million decrease
The discount factor ________ the ________ value to convert it to the ________ value.
A) reduces; present; future B) increases; present; future C) reduces; future; present D) increases; future; prese
In order to consider the equation of exchange an economic model, what must we assume?
a. Real GDP is a constant value. b. Changes in GDP cause changes in the money supply. c. The money supply is constant. d. Changes in velocity are small and predictable.