The current account is equal to
A) S - I.
B) C + I + G + X.
C) I + X.
D) T - G.
A
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Picture a competitive market with the usual upward sloping supply curve and downward sloping demand curve. If the current price is creating a shortage, then market forces will cause the price to adjust and
A. quantity supplied will increase. B. quantity demanded will increase. C. quantity supplied will decrease. D. demand will decrease.
A monopolist has the market demand and marginal cost schedules given in the above table. If the monopoly can perfectly price discriminate, what is the profit-maximizing level of output and price?
What will be an ideal response?
The long-run aggregate supply curve shifts right if
a. the price level rises. b. the price level falls. c. the capital stock increases. d. the capital stock decreases.
Banks can lend their excess reserves to other banks in the:
A. Mutual funds market B. Treasury funds market C. Federal funds market D. Bank funds market