The balance of payments consists of the
A) current account, capital account, and gold flows.
B) current account, official reserve transactions account, and monetary account.
C) current account, capital account, and official reserve transactions account.
D) capital account, official reserve transactions account, and recent account.
C
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The __________ serves as a practical reference point for all other securities markets
A) commercial paper market B) New York Stock Exchange C) over-the-counter market D) U.S. government securities market
Explain how each of the following could discourage economic growth:
a. The government closes all of the schools so that more people will be available for work. b. The country fears military invasion and spends half of its income on military goods.
Economists disagree about whether increasing the minimum wage is a good idea, because they put different weight on the importance that the negative impacts have relative to the positive impacts. As such, the disagreements are usually over
a. normative issues b. positive issues c. the mathematical calculations in an economic model d. whether microeconomics or macroeconomics is more important e. whether economic theory is useful in explaining the behavior of actors in the economy
Countercyclical policy
What will be an ideal response?