The official settlements balance is in ________ if the IS-LM intersection is ________ the FE curve.
A. deficit; on
B. surplus; to the right of
C. surplus; to the left of
D. surplus; on
Answer: C
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The graph below represents the market for walnuts. Identify the values of the marginal benefit and the marginal cost at the output levels of 2,000 pounds, 4,000 pounds, and 6,000 pounds
At each of these output levels, state whether output is inefficiently high, inefficiently low, or economically efficient.
The clearest sign of economic growth is a(n)
a. increase in nominal GDP. b. increase in real GDP. c. decrease in nominal GDP. d. increase in nominal GDP.
If a nation is selling more goods and services to foreigners than it is buying from them, then on net it must be selling assets abroad
a. True b. False Indicate whether the statement is true or false
(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is
What will be an ideal response?