Which of the following summarizes the transactions involving the international exchange of goods and services, investment income, and other miscellaneous transactions?
A. Balance of trade
B. Statistical discrepancy
C. Current account
D. Capital account
C. Current account
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In the Keynesian model, the most important influence on planned consumption is
a. the interest rate. b. expectations. c. disposable income. d. the price level.
The more price elastic the demand curve, the less quantity demanded will fall when a per-unit tax is imposed
Indicate whether the statement is true or false
Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that we observe Joe staying open 6 hours per day. If he is following the marginal principle, what must his marginal cost per hour be?
A. $16 B. $24 C. $32 D. $48
A decline in real mortgage rates will lead, other things the same, to ________
A) lower demand for housing B) tighter financing constraints C) an increase in residential investment D) a lower relative price of housing