When net exports are negative, there is a trade ___________.
Fill in the blank(s) with the appropriate word(s).
deficit (or imbalance)
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Refer to Figure 22-3. Technological change is shown in the figure above by the movement from
A) B to E. B) B to D. C) B to C. D) B to A.
The money supply consists of
A) currency alone. B) currency and checking accounts. C) checking and savings accounts. D) currency and checking and savings accounts. E) checking accounts alone.
Which of the following is NOT a bank liability?
A) checkable deposits B) CDs C) mortgage loans D) borrowings from the Federal Reserve
Consider the two graphs above. Suppose that final goods are assembled only when ordered and to satisfy the precise preferences of each consumer. This would ________ the desired level of inventories, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A