According to the Application, the argument that the broken window is good for society
A) works in the Keynesian world when the economy is operating below full employment.
B) never works in the Keynesian or classical worlds regardless of where the economy is operating relative to full employment.
C) works in the classical world when the economy is operating at full employment.
D) works in both the Keynesian and classical worlds regardless of where the economy is operating relative to full employment.
A
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The current account in the BOP records:
a. all money flowing between countries. b. a nation's yearly exports and imports of goods and services. c. only the transactions involving capital goods in international trade. d. only the transactions involving consumer goods in international trade. e. only those goods and services purchased on credit in international transactions.
Which of the following is not a property of ideal of money?
a. Durable b. Portable c. Divisible d. Diversified quality