If U.S. official reserves increase, is the official settlements account balance positive, negative, or unaffected?
What will be an ideal response?
If U.S. official reserves increase, the official settlements account balance is negative.
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Suppose Aiyanna's Pizzeria currently faces a linear demand curve and is charging a very high price per pizza and doing very little business. Aiyanna now decides to lower pizza prices by 5 percent per week for an indefinite period of time. We can expect that each successive week:
A. demand will become more price elastic. B. price elasticity of demand will not change as price is lowered. C. demand will become less price elastic. D. the elasticity of supply will increase.
Figure 18.3Refer to Figure 18.3. The opportunity cost of producing pogo sticks in Livonia is:
A. 2/3 of a scooter. B. 4/5 of a scooter. C. 6/5 scooters. D. 1.25 scooters.