When a country's exports of goods are less than its imports of goods in a given period, it has a
A. current account surplus.
B. capital account deficit.
C. trade surplus.
D. trade deficit.
Answer: D
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Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag. B) data and recognition lags. C) legislative and transmissions lags. D) effectiveness lag.
The current federal tax structure has ______ tax brackets.
A. 5 B. 6 C. 7 D. 8
To stabilize real GDP when the money demand curve shifts up on its own, the Fed must increase the money supply
a. True b. False
Rent controls can cause a. a decline in the quality of housing available for rent
b. the development of a black market to allocate apartments to renters. c. longer search times for renters attempting to locate an apartment. d. all of these are possible results of rent controls.