Our balance of trade in services is _______ and our balance of trade in goods is ______.
A. negative; negative
B. positive; positive
C. positive; negative
D. negative; positive
C. positive; negative
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A falling price level is called ________ and a fall in the rate of inflation is called ________
A) deflation; disinflation B) disinflation; deflation C) disinflation; a contraction D) a contraction; disinflation
"Preannounced, stable policies to achieve a low and constant money supply growth and a balanced federal budget are therefore the best way to lower the inflation rate." This statement best illustrates the:
a. Keynesian theory. b. rational expectations theory. c. incomes policy. d. supply-side theory.
The opportunity cost of a college education includes wages lost while enrolled in school
a. True b. False Indicate whether the statement is true or false
One of the features of money is its store of value. However, most people do not hold their wealth as currency. Given that currency is the most liquid type of asset, why don't people hold all their wealth as currency?