When the U.S. has a current account surplus, we know that it is also
A) running a balanced trade account.
B) lending to the rest of the world.
C) borrowing from the rest of the world.
D) suffering from negative investment income.
E) none of the above
B
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Gross Domestic Product is equal to the sum of consumption expenditure, investment, net exports, and ________
A) government expenditures on goods and services B) saving C) profits D) net taxes
The marginal propensity to save is
a. the change in saving divided by the change in income. b. the change in income divided by the change in saving. c. saving divided by income. d. income divided by saving. e. saving divided by consumption.
Brokerage houses may differ in the
a. fees they charge. b. services they provide. c. stock exchanges on which they hold seats. d. All of the above are correct.
Samuelson and Solow argued that when unemployment is high,
a. aggregate demand is high, which puts upward pressure on wages and prices. b. aggregate demand is high, which puts downward pressure on wages and prices. c. aggregate demand is low, which puts upward pressure on wages and prices. d. aggregate demand is low, which puts downward pressure on wages and prices.