The United States' balance of payments is likely to improve when
A) there is an increase in political instability in other countries.
B) the inflation rate in the United States rises relative to other countries.
C) the American government increases its spending on foreign aid.
D) American people want to invest more in foreign countries.
A
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Indicate whether the statement is true or false
Which of the following have to be in equilibrium for the economy to be in equilibrium?
A) the money market only B) the goods market only C) the output and asset markets D) the savings and investment markets E) the goods and output markets
In the early stages of macroeconomic model building, the money supply is regarded as a policy ________ that is under ________ control by the Federal Reserve
A) goal, perfect B) goal, imperfect C) instrument, perfect D) instrument, imperfect
The opportunity cost of leisure is impossible to measure because we cannot measure leisure time in dollars
a. True b. False Indicate whether the statement is true or false