In 2009, we ran a ________ on our current account and a _______ on our capital account.

A. deficit; deficit
B. surplus; surplus
C. deficit; surplus
D. surplus; deficit


C. deficit; surplus

Economics

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The absolute value of the slope of the production possibilities frontier at the production point provides a measure of both the relative price of S in terms of T and the opportunity cost of producing one more units of S calculated in terms of output

of T foregone. Indicate whether the statement is true or false

Economics

Under adaptive expectations theory, a decrease in the short-run aggregate demand curve ____ the inflation rate and ____ the unemployment rate

a. increases; increases b. increases; decreases c. decreases; increases d. decreases; decreases

Economics

Instruments so widely accepted and purchased by others that they are very similar to cash are known as

a. liquid assets b. hard assets c. corporate assets d. marketable securities e. none of the above

Economics

Economic choice and competitive behavior are the result of

What will be an ideal response?

Economics