Based on the following information, what is the balance on the financial account?
Exports of goods and services = $5 billion
Imports of goods and services = $3 billion
Net income on investments = -$2 billion
Net transfers = -$2 billion
Increase in foreign holdings of assets in the United States = $4 billion
Increase in U.S. holdings of assets in foreign countries = -$1 billion
A) $3 billion B) $2 billion C) $1 billion D) -$1 billion
A
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Behavioral game theory assumes
A) people act rationally. B) people are subject to biases that cause them to act irrationally. C) that people behave differently when playing games than when "playing for real." D) people optimize using all available information.
How are index numbers expressed?
a. as dollars b. as percentages c. as numbers d. as ratios
Demand-side inflation is the rise in inflation caused by rapid growth of aggregate demand.
Answer the following statement true (T) or false (F)
The quantity equation states:
A. P × V = M × Y. B. M × Y = P × V C. M × P = Y × V. D. M × V = P × Y.