Which of the following accounts records the change in U.S. official reserves?
A) current account
B) capital and financial account
C) official settlements account
D) none of the above
C
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According to Malthus, if the standard of living is above subsistence:
A) couples have more children. B) consumption is more than savings. C) couples have fewer children. D) savings is more than consumption.
When people who are holding the money of some other country want to exchange it for U.S. dollars, they ________ U.S. dollars and ________ that other country's money
A) demand; supply B) supply; supply C) supply; demand D) demand; demand
If a natural disaster destroys some of the capital stock, then the classical model predicts
a. labor demand, real wages, and output will fall. b. labor demand and real wages will rise, output will fall. c. the labor market remains unchanged but output falls. d. None of the above
The U.S. economy faced negative inflation: a. after World War II
b. during the dotcom bubble. c. during the Great Depression of the 1930s. d. after the real estate bubble burst.