Refer to Figure 19.3. At the exchange rate of 90 yen per dollar, the United States is experiencing a

A) balance of payments deficit. B) current account deficit.
C) capital account surplus. D) balance of payments surplus.

D

Economics

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Compared to the short-run price elasticity of demand, the long-run price elasticity of demand is

A) smaller. B) the same. C) greater. D) either greater than or less, depending on the number of substitutes the good has.

Economics

The level of real GDP is a good measure of economic prosperity, and the growth of real GDP is a good measure of __________

Fill in the blank(s) with correct word

Economics