The current account balance is
A) the supply of a country's exports less the country's own demand for imports.
B) the demand for a country's exports plus the country's own demand for imports.
C) the country's own demand for imports less the demand for a country's exports.
D) the demand for a country's exports less the country's own demand for imports.
E) the country's federal reserves minus the national debt.
D
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Answer the next question on the basis of the information in the following table.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200Suppose the legal reserve requirement is 10% and initially there are no excess reserves in the banking system. If the Fed wished to reduce the interest rate by 1 percentage point, it would ________.
A. sell $100 of government bonds in the open market B. sell $10 of government bonds in the open market C. buy $100 of government bonds in the open market D. buy $10 of government bonds in the open market
Regardless of whether goods are inferior or normal, the deadweight loss from a per-unit tax is always greater the more price elastic the market demand curve for a good.
Answer the following statement true (T) or false (F)
The airline industry is best classified? as:
A) an oligopoly.
B) a monopoly.
C) perfectly competitive.
D) monopolistically competitive
Luigi is willing to lend Klaus $5,000 for one year at a nominal rate of interest of 7%. Both Luigi and Klaus expect the rate of inflation to be 2% in the next year. If the actual rate of inflation over the year was 1%, we can say ________.
A. Luigi is better off and Klaus is worse off B. Luigi is worse off and Klaus is better off C. Luigi and Klaus are both better off D. Luigi and Klaus are both worse off