Purchases of foreign assets by U.S. residents are tabulated in the U.S. balance of payments as a:
A. capital inflow.
B. capital outflow.
C. current account outflow.
D. unilateral transfer.
Answer: B
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If real GDP is less than potential GDP, then the money wage rate ________, and aggregate supply ________ so that the price level ________
A) rises; decreases; rises B) does not change; increases; falls C) falls; decreases; rises D) rises; increases; falls E) falls; increases; falls
If Walmart issues $250 million in new stock to finance the renovation of their retail stores, this is an example of
A) a stock market transaction. B) indirect finance. C) a bond market transaction. D) direct finance.
In the United States, the unemployment rate for blacks is roughly the same as the unemployment rate for whites
a. True b. False Indicate whether the statement is true or false
A decline in the minimum wage rate offered for janitorial services will cause: a. the labor supply curve to shift rightward
b. the labor supply curve to shift leftward. c. a downward movement along the labor supply curve. d. an upward movement along the labor supply curve.