The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the:
a. capital account
b. current account.
c. balance of trade.
d. balance of payments.
b
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Unemployment caused by changes in technology is called ________ unemployment
A) structural B) frictional C) techno D) cyclical
The downfall of the fooling model is that it assumes an implausibly ________ level of perception about price on the part of ________
A) high, firms B) high, workers C) low, firms D) low, workers
When the supply of money is vertical, changes in money demand will not change the equilibrium quantity of money in existence
a. True b. False Indicate whether the statement is true or false
Disposable personal income is the income that households and noncorporate businesses have left after satisfying all their obligations to the government
a. True b. False Indicate whether the statement is true or false