Which of the following is true of a net debtor nation?
a. It experiences a trade surplus for five consecutive years.
b. It experiences a trade deficit for five consecutive years.
c. It owes more to the rest of the world than it is owed.
d. It owes less to the rest of the world than it is owed.
e. It experiences persistent current account surplus.
c
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Compare changes in the price level for a recession resulting from a shift in aggregate demand to that of a recession resulting from a shift in short run aggregate supply
Kaitlyn purchased one share of Northwest Energy stock for $200; one year later she sold that share for $400 . The inflation rate over the year was 50 percent. The tax rate on nominal capital gains is 50 percent. What was the tax on Kaitlyn's capital gain?
a. $50 b. $75 c. $100 d. $200
To economists, a game is:
A. any situation in which players pursue strategies designed to achieve their goals. B. a trivial pursuit that should not be used to analyze the economy or its actors. C. a way to simplify and minimize the true importance of situations like war. D. All of these statements are true.
The direct effect of an increase in the money supply is to
A. decrease aggregate demand as people anticipate future economic problems. B. increase interest rates as people anticipate higher inflation in the future. C. increase aggregate demand as people try to spend their excess money balances. D. raise interest rates as people increase their saving.