At a peak in the business cycle, the macroeconomic equilibrium is ________ the level of potential real GDP
A) greater than
B) equal to
C) less than
D) falling below
E) None of the above answers is always correct because the relationship depends on whether the previous phase of the business cycle had been a recession or an expansion.
A
Economics
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Which of the following is NOT part of the current account?
A) Dividends received on a foreign investment B) Purchase of a plane ticket on a foreign airline C) Shipment of food aid to a poor country D) Purchase of a foreign bond E) All of the above.
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How does a mutual fund lower transactions costs through economies of scale?
What will be an ideal response?
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