When imports of goods exceed exports of goods, the financial account shows a deficit
a. True
b. False
Indicate whether the statement is true or false
False
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With its goal of price stability, the Fed attempts to
A) keep the inflation rate from falling below 5% and rising above 10%. B) maintain an inflation rate of zero. C) achieve a low, stable inflation rate. D) counteract periods of inflation with periods of deflation.
Economics is considered to be one of ______________ disciplines
a. natural science b. mathematical c. humanities d. social science e. fine arts
The money supply in the United States is backed by
A. silver. B. gold. C. platinum. D. faith.
Nafta:
A. has increased the standard of living in the North African member nations. B. benefits workers in the participating nations but hurts consumers by raising prices. C. allows completely unrestricted movement of goods, services, and resources between the member nations. D. has reduced most trade barriers between Canada, Mexico, and the United States.