Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

The U.S. dollar exchange rate describes the

a. the deficit/surplus situation in the balance of payments. b. the price of a foreign currency in terms of dollars. c. the deficit/surplus situation in the merchandise trade balance. d. future changes in foreign balance of payments. e. none of the above.

The order of payment of corporate earnings is bondholders, preferred stockholders, convertible stockholders, and finally common stockholders

Indicate whether the statement is true or false