Higher tariffs and quotas cause a country's currency to ________ in the ________ run, everything else held constant

In the 1980s, the United States on net ________ foreign nations so that its private firms could absorb through domestic investment ________ goods than what was being left for them by national saving

A) borrowed from, more B) borrowed from, fewer C) lent to, more D) lent to, fewer

When government spending and tax revenue are equal, G = T, the economy

a. must be in equilibrium b. has achieved full employment without inflation c. has a budget deficit d. has a budget surplus e. has a balanced budget