When is a balance of payments account out of balance?
a. only when exports are greater than imports
b. only when imports are greater than exports
c. when exports are either greater or less than imports
d. only when exports are greater or less than imports over a sustained period
e. never
E
Economics
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Even though participants in the economy are motivated by self-interest, the "invisible hand" of the marketplace guides this self-interest into promoting general economic well-being
a. True b. False Indicate whether the statement is true or false
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What changes to fiscal and monetary policy might the government use to overcome unemployment? Explain how each action might affect the problem.
What will be an ideal response?
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