The record of international receipts and payments is called the
A) official settlements account.
B) balance of payments.
C) U.S. official reserves.
D) current account.
E) capital and financial account.
B
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A minority of American women work outside the home.
Answer the following statement true (T) or false (F)
Suppose an economy experiences a permanent increase in its expected inflation rate. As a result, there is
A) a downward shift of the short-run Phillips curve. B) a downward movement along the short-run Phillips curve. C) an upward movement along the short-run Phillips curve. D) no change at all to the short-run Phillips curve. E) an upward shift of the short-run Phillips curve.
The graph plotting the tax rate on the horizontal axis and tax revenues on the vertical axis, which was used by supply-side economists to suggest that tax rates were too high, in known as the
A) Beveridge curve. B) Phillips curve. C) Taylor rule. D) Laffer curve.
Answer the following statements true (T) or false (F)
1. Firms in monopolistic competition sell a similar but differentiated product. 2. 3. 4. 5.