By external balance, most economists mean
A) avoiding excessive imbalances in international payments.
B) balance between exports and imports.
C) balance between the trade and service accounts.
D) what amounts to fixed exchange rates.
E) imbalance in internal transactions.
A
Economics
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The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a can of dog food
A) is $1.60. B) is $4.00. C) is $5.00. D) cannot be determined without more information.
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When the Fed purchases artwork to decorate the conference room at the Federal Reserve Bank of Kansas City
A) reserves rise, but the monetary base falls. B) reserves fall. C) currency in circulation falls. D) the monetary base rises.
Economics