The current account includes
A) the value of trade in merchandise.
B) services.
C) unilateral transfers.
D) All of the above.
D
Economics
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Open market sale of government securities results in:
A) an increase in bank reserves. B) a decrease in bank reserves. C) a decrease in interest rates. D) none of the above.
Economics
Assume in a competitive market that price is initially above the equilibrium level. We can predict that price will:
A. decrease, quantity demanded will decrease, and quantity supplied will increase. B. decrease and quantity demanded and quantity supplied will both decrease. C. decrease, quantity demanded will increase, and quantity supplied will decrease. D. increase, quantity demanded will decrease, and quantity supplied will increase.
Economics