In 2008, the current account balance was -$706 billion and the capital and financial account balance was +$711 billion. Therefore, the official settlements account balance was ________ and the balance of all payments accounts summed was ________
A) -$5 billion; zero
B) negative; negative
C) positive; positive
D) +$5 billion; zero
E) not enough information to determine; negative
A
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A slowing U.S. economy and increased enforcement of immigration laws will reduce ________ factors for Mexican immigration to the United States
A) demand growth B) demand pull C) supply push D) supply growth E) network
If the price of gold becomes less volatile, then, other things equal, the demand for stocks will ________ and the demand for antiques will ________
A) increase; increase B) increase; decrease C) decrease; decrease D) decrease; increase
If an economy is operating at short-run equilibrium below the level of real GDP, the self-correction model result is that: a. unemployment increases
b. unemployment falls. c. cyclical unemployment increases. d. frictional and structural unemployment increase.
If a bank receives a deposit of $3,000 and loans out $2,000 . what changes will occur on the bank's balance sheet (after all checks involved with the loan are cleared)?
a. Reserves decrease by $3,000 . total assets decrease by $1,000 . and total liabilities increase by $3,000. b. Reserves increase by $1,000 . total assets increase by $2,000 . and total liabilities increase by $3,000. c. Reserves increase by $3,000 . total assets by increase $3,000 . and total liabilities increase by $3,000. d. Reserves increase by $3,000 . total assets by increase $2,000 . and total liabilities decrease by $3,000. e. Reserves increase by $1,000 . total assets increase by $3,000 . and total liabilities increase by $3,000.