If the current account is in surplus and the capital account is zero, then
A) net exports must be positive.
B) the balance of payments must be in surplus.
C) the financial account must be in deficit.
D) there is a capital inflow.
C
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Suppose price increases from $7.00 to $13.00. Using the mid-point formula, the percentage change in price is:
A. .0.6 = 60 percent. B. 0.6 = 60 percent. C. 70 percent. D. 130 percent.
Which of the following is an example of expansionary monetary policy?
A) Congress passing a new government stimulus package. B) The Fed raising the discount rate for member banks. C) The Fed increasing the money supply to push interest rates lower. D) The president signing an executive order to raise the minimum wage of government employees.
Answer the following questions true (T) or false (F)
1. The major macro variables affecting economic conditions in production agriculture include the rate of interest. 2. The so-called "real economy" includes the money market. 3. The budget deficit in the current period is financed by the net sales of government securities by the U.S. Treasury department.
For a particular product, an effective price floor results in
A. quantity demanded equal to quantity supplied. B. quantity supplied greater than quantity demanded. C. demand equal to supply. D. quantity demanded greater than quantity supplied.