During which period did the United States experience a trade balance greater than -$700 billion on goods and services?
a. 1970–1979
b. 1980–1989
c. 1990–1999
d. 2000–2009
d. 2000–2009
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According to the quantity theory of money, in the long run an increase in the quantity of money creates an increase in the price level but does not increase real GDP
Indicate whether the statement is true or false
Which of the following is an objective of macroeconomic stabilization?
(a) eliminating current account deficits. (b) controlling inflation. (c) restoring fiscal balance. (d) all of the above.
Deliberation councils have no private sector input
Indicate whether the statement is true or false
________ buys so as to make MUx/MUy = Px/Py for all pairs of goods.
A. Every consumer B. A utility-minimizing consumer C. A utility-maximizing consumer D. Only a consumer with an unlimited budget