From the early 1990s through 2012, the U.S
A) current account and U.S. capital and financial account were both positive.
B) current account was negative.
C) balance of payments exceeded the capital account.
D) actual balance of payments deficit exceeded what the United States measured as the balance of payments deficit.
E) capital and financial account was negative.
B
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The derived demand for borrowed funds has the characteristic negative slope of any demand curve
a. True b. False Indicate whether the statement is true or false
Exhibit 17-2 Aggregate demand and aggregate supply curves
As shown in Exhibit 17-2, if people behave according to adaptive expectations theory, an increase in the aggregate demand curve from AD1 to AD2 will cause the price level to move:
A. directly from 100 to 110 and then remain at 110. B. directly from 100 to 105 and then remain at 105. C. from 100 to 105 initially and then eventually move back to 100. D. from 100 to 105 initially and then eventually move to 110.