When there is a current account deficit, it is likely that
A) exports exceed imports for the country.
B) the country is an exporter of capital.
C) the capital account has a surplus.
D) the country has a budget surplus.
C
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Which of the following is a hybrid of a checking and savings account?
A) CD B) negotiable CD C) passbook accounts D) money market deposit account
Marginal cost is the added expense of producing one more unit of output.
Answer the following statement true (T) or false (F)
A change in quantity supplied is reflected by a movement along the same supply curve while a change in supply refers to a shift in the entire supply curve.
a. true b. false