Which of the following is an example of external debt for the United States?
A) A purchase of Apple stock by a person in Canada
B) A loan made in yen to a company in the United States
C) A loan made by Citibank to the government of Mexico
D) A purchase of U.S. Treasury bills by the Bank of Japan
B
You might also like to view...
Monetary payments a firm makes to pay for resources are called
A. explicit costs. B. implicit costs. C. opportunity costs. D. normal profit.
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level)
A) be less than B) be more than C) equal D) There is insufficient information given here to draw a conclusion.
Assume perfect capital mobility. Under a fixed exchange rate system, expansionary fiscal policy causes income to _____, while under flexible exchange rates expansionary fiscal policy causes income to _____
a. increase; increase b. increase; remain unchanged c. increase; decrease d. remain unchanged; increase
When macroeconomics refers to "full employment," what do they mean?
a. Full employment occurs when the unemployment rate equals zero. b. Full employment occurs when there is only frictional unemployment, and all other types of unemployment have been eliminated. c. Full employment occurs when there is only structural unemployment, and all other types of unemployment have been eliminated. d. Full employment occurs when there is only frictional unemployment, structural, and cyclical unemployment has been eliminated.