In 2014, China had accumulated approximately $3.8 trillion worth of reserve assets. These $3.8 trillion entered into China's 2014 balance of payments in the:
a. Trade balance.
b. Balance on goods and services.
c. The total amount did not enter into China's balance of payments. Only changes enter the balance of payments.
d. Reserve Account.
.C
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The multiplier effect suggests that:
A. a ripple effect occurs from one person's initial spending. B. government spending $1 will create more than a $1 increase in GDP. C. a tax cut will increase GDP by more than the amount of the initial tax cut. D. All of these are true.
Which of the following is an example of technological progress?
A. an increase in corn output resulting from genetic engineering B. the invention of the air conditioner C. the invention of LCD televisions D. All of these
Along the 45-degree reference line
A. total planned nominal expenditures = consumption. B. total planned real expenditures = real GDP. C. total planned real expenditures = planned nominal expenditures. D. total planned investment spending = planned real expenditures.
If the real interest rate falls, then the:
A. Investment schedule will shift upward B. Investment schedule will shift downward C. Point moves along the investment schedule to the right D. Consumption schedule will shift downward