Refer to Table 11.1. At the equilibrium level of output, y*, what is the trade balance?
A) -1,345.00 B) -985.00 C) -276.25 D) -186.25
D
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Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 4% to 2%, what is the new rate of inflation in Svengali?
A) -3%. B) -1%. C) 3%. D) 7%.
If one euro is equal to 0. 60 U.S. dollars, what would be the euro price of a car that costs $10,000?
A. 16,667 euros. B. 5,000 euros. C. 10,000 euros. D. 60,000 euros.
Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $1 million, the monetary base is $15 million, and bank deposits are $30 million. Bank reserves are equal to
A) $2 million. B) $3 million. C) $5 million. D) $10 million.
If labor demand rises faster than labor supply, it is expected that real wages will ____
a. stay the same b. decrease c. increase d. Not enough information is available to determine the impact on real wage rates.