A country's current account includes which of the following?
a. sales of assets to other countries
b. purchases of assets from other countries
c. all current automatic payments between countries
d. the country's trade balance
e. the balance available in the government's Treasury account
Ans: d. the country's trade balance
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To conduct a randomized experiment, researchers usually classify the participants into a:
A) study group and a control group. B) treatment group and a test group. C) study group and a treatment group. D) treatment group and a control group.
Say's law
A) explains the role of money. B) deals with interest rates, employment, and production. C) was accepted and praised by John Maynard Keynes. D) None of the above.
Refer to Figure 33-6. Which of the long-run aggregate-supply curves is consistent with a short-run economic expansion?
A. LRAS1 B. LRAS1 C. LRAS3 D. Both LRAS1 and LRAS3
When measuring economic growth, economists typically focus on per capita real GDP in order to account for variations in the:
a. size of the population
b. price level
c. quality of goods and services
d. both (a) and (b) above