The quantity supplied by domestic producers in an importing country must be less than the quantity demanded by its population
a. True
b. False
Indicate whether the statement is true or false
True
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Newland's net exports for a certain year equal -$2.2 billion, net factor payments from abroad equal $1.3 billion, and net transfers from abroad equal $0.5 billion. What will be the balance in Newland's financial account for the year?
What will be an ideal response?
When the CPI increases from one year to the next:
A. inflation has occurred. B. deflation has occurred. C. there has not been a change in the overall price level. D. the impact to the general standard of living is hard to measure.
Which of the following directs open market operations?
a. Board of Governors. b. Federal Reserve Banks. c. Federal Open Market Committee d. Federal Advisory Council. e. Member banks.
Workers’ reluctance to take nominal pay cuts offers a feasible explanation of why the Phillips Curve relation breaks down when there is deflation.
a. true b. false