If there are no interventions by finance ministers or control banks in the international market, then
A) the current account and the capital account must sum to zero.
B) the current account will be greater than the financial market.
C) the capital market will be greater than the current account.
D) the capital market will equal the current account.
Answer: A
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Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy. B) policy that has no multiplier effects. C) policy that stabilizes without the need for action by the government. D) discretionary policy taken to stabilize the economy. E) actions taken by the President without Congressional consent to stabilize the economy.
A perfectly competitive firm can maximize profits by producing the quantity at which MR exceeds MC by the greatest amount
a. True b. False Indicate whether the statement is true or false