A worsening of a country's terms of trade means that its export prices are falling relative to its import prices
Indicate whether the statement is true or false
T
Economics
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The impact of crowding out may be the least
A) when real GDP is above but close to potential GDP. B) during a deep recession. C) when real GDP is below but close to potential GDP. D) during an expansion.
Economics
The largest liability item in the Federal Reserve Banks' consolidated balance sheet (as illustrated in the book, for April 2013) is:
A. Treasury deposits B. Federal Reserve Notes C. Reserves of commercial banks D. Loans to commercial banks
Economics