Which of the following is not included in the current account?
a. Exports of goods. b. Imports of goods.
c. U.S. capital inflow and outflow. d. Unilateral transfers.
c
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In order to be a public good a good must be both a collective consumption good and be nonexcludable
a. True b. False
When an economy dips into recession, automatic stabilizers will:
A. enlarge the budget deficit (or reduce the surplus). B. reduce the budget deficit (or increase the surplus). C. ensure that the budget remains in balance. D. expand the supply of money and, thereby, stimulate aggregate demand.
In the long run, in a monopolistically competitive market, price will be
A. greater ATC. B. equal to ATC. C. equal to MR. D. equal to MC.
Which of the following is most likely to cause the savings supply curve in the market for loanable funds to shift leftward?
A) Government borrows to finance a war. B) All firms project higher future revenue streams for all of their projects. C) All firms project lower future revenue streams for all of their projects. D) Government institutes a high tax on savings.