In a two-period model with production, a decrease in the world real interest rate
A) increases the current account surplus and increases real output.
B) reduces the current account surplus and increases real output.
C) increases the current account surplus and reduces real output.
D) reduces the current account surplus and reduces real output.
D
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Once the national health care program goes into effect and more people will pay fewer of their health care expenses out of their own pockets than they did previously, we can expect
A) the quantity of health care services demanded will increase. B) the quantity of health care services demanded will decrease. C) the quantity of health care services supplied will increase. D) the quantity of health care services supplied will decrease.
The dates of the "official" peaks and troughs of business cycles in the United States are determined by the:
A. Congressional Budget Office. B. Federal Reserve Board. C. Council of Economic Advisers. D. National Bureau of Economic Research.