The account that records the receipts from the exports of goods and services sold abroad, the payments for imports of goods and services from abroad, net interest income paid abroad, and net transfers is the ________

A key concern of monetary policy makers is credibility. In particular, that people believe that inflation will not deviate far from a rate consistent with a healthy macroeconomy. How might credibility affect the slope of the monetary policy curve?

What will be an ideal response?

In 2014, which of the following countries had the highest ratio of exports to GDP?

A) Germany B) Netherlands C) Japan D) United States E) Austria