Under the current managed float exchange rate regime, countries with balance of payments ________ frequently do not want to see their currencies ________ because it makes foreign goods more expensive for domestic consumers and can stimulate inflation

If G = T, then regardless of whether there is unemployment or inflation (or both), the budget is

a. balanced even though the economy may not be in equilibrium b. in deficit c. in surplus d. contractionary e. balanced and the economy is in equilibrium

A outward shift of the aggregate supply curve could be caused by

A. higher import prices. B. lower import prices. C. energy shortages. D. rising wage rates.