The United States typically has a merchandise ______ and a service ______.
A. deficit; deficit
B. surplus; surplus
C. deficit; surplus
D. surplus; deficit
C. deficit; surplus
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If the Fed sells government securities to the general public in the open market, the ________.
A. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will increase their reserves at the Fed B. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will decrease commercial bank reserves at the Fed C. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will increase commercial bank reserves at the Fed D. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will decrease their reserves at the Fed
The success of the SMarT program has proven that changing the way we present options can:
A. affect people's behavior. B. help people overcome mental biases. C. avoid regret. D. All of these statements are true.
The equation representing the final demand approach to calculating GDP is
a. Y = C + I + X + IM. b. Y = C + I + G. c. Y = G + I + X ? IM. d. Y = C+ I + G + (X ? IM).
If the real rate of return is 0 percent, and the inflation rate is 3 percent, then the nominal interest rate must be:
A. ?3 percent. B. 3 percent. C. 6 percent. D. 0 percent.