Over the past two decades, the United States has
A. generally had, or been very near to a trade balance.
B. had trade deficits in about as many years as it has trade surpluses.
C. persistently had a trade deficit.
D. persistently had a trade surplus.
Ans: C. persistently had a trade deficit.
Economics
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The negative relationship between unemployment and inflation is known as the
A) aggregate supply curve. B) aggregate demand curve. C) Phillips curve. D) efficiency wage line.
Economics
If more European and Japanese firms want to build factories and expand their offshore investments in the United States, the supply of U.S. dollars on foreign exchange markets will increase as a result of this investment activity
Indicate whether the statement is true or false
Economics