Which of the following is inconsistent with the others?
a. Y - C - G > I
b. this country had a trade surplus
c. the purchase of foreign assets by this country's residents exceed foreigner's purchases of this country's assets
d. this country's investment exceeded its domestic saving
d
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Aggregate surplus:
A. is minimized under perfect competition. B. is the difference between consumer and producer surpluses. C. is the sum of consumer and producer surpluses. D. will never be positive in the long run.
An increase in household production will increase gross domestic product (GDP)
a. True b. False Indicate whether the statement is true or false
All of the following are associated with a fixed exchange rate policy except:
A. sacrificing control of the domestic inflation rate. B. it means importing monetary policy. C. the need to maintain ample international reserves. D. higher import prices.
When the market for a good is a natural monopoly, this results in a. improved product choice for consumers
b. many producers charging low prices for the good. c. dominance by a single producer of the good. d. increased entry by new producers of the good.