External balance refers to
A) an economy which is on its LM curve.
B) an economy which is on its IS curve.
C) an economy which is on its BP curve.
D) All of the above.
C
You might also like to view...
One of the factors that contributed to the success German policymakers had using a monetary targeting type policy starting in the mid-1970s and continuing through the next two decades was that
A) they used a rigid target for the money growth rate. B) they implemented policy so their inflation rate goal was met in the short run. C) the money target was flexible to allow the Bundesbank to concentrate on other goals as needed. D) they rarely communicated the intentions of policy to the public in order to keep the public from panicking.
If the marginal revenue product of the fifth worker hired by a firm is $15 and the price of a unit of output is $5 regardless of how much is sold, then the marginal product of the fifth worker is
a. 15 units of output. b. 5 units of output. c. 3 units of output. d. 45 units of output. e. 75 units of output.
If a corner solution exists,
A. marginal rate of substitution will always be less than the slope of the budget constraint. B. marginal rate of substitution will always be equal to the slope of the budget constraint. C. marginal rate of substitution will always be greater than the slope of the budget constraint. D. none of the answer choices is correct.
A firm's employment of labor outside the country in which the firm is located
A) is outsourcing. B) shifts the supply of labor in the original country. C) is the marginal revenue product. D) shifts the supply of labor in the other country.