The net balance of payments is
A. The difference between exports and imports.
B. The difference between the current account balance and the capital account balance.
C. The sum of the current account balance and the capital account balance.
D. The sum of the current account balance and the trade account balance.
Answer: C
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Keynesians believe that an increase in the money supply will lead to:
a. both c and d. b. all of the following. c. an increase in the price level. d. a decrease in nominal GDP. e. an increase in real GDP.
Most of economic analysis assumes that most people act as if they are: a. motivated by submerged emotional needs
b. driven by magnetic forces generated by planetary movements. c. motivated primarily by concern for the well-being of others. d. motivated by self-interest.