Proponents of rational expectations argue that failing to account for peoples' revised inflation expectations led to estimates of the sacrifice ratio that were too high

Which of the following correctly lists the categories of factors of production?

A) machines, buildings, land, and money B) hardware, software, land, and money C) capital, money, and labor D) owners, workers, and consumers E) land, labor, capital, and entrepreneurship

A deficit in a country's current account balance occurs whenever

A. money outflows from the country exceed its money inflows. B. money inflows into a country exceed its money outflows. C. its currency falls in value relative to other currencies. D. the country is alone in maintaining a strict gold standard.