Suppose that IS and LM intersect at full-employment output. A rightward shift of LM will be followed by a __________ price level that shifts LM to the __________ in a return to full employment

When the U.S. has a current account surplus, we know that it is also

A) running a balanced trade account. B) lending to the rest of the world. C) borrowing from the rest of the world. D) suffering from negative investment income. E) none of the above

Combinations of two goods along the indifference curve yield:

a. equal prices for the two goods. b. equal marginal utilities. c. the same total utility. d. zero total utility.