If U.S. official reserves increase, the
A) current account is positive.
B) balance of payments increases.
C) official settlements account balance is negative.
D) current account increases.
E) official settlements account balance is positive.
C
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With sticky prices increasing, the supply of money results in:
a. an increase in the nominal rate of interest. b. an increase in the U.S. dollar exchange rate. c. a decrease in the nominal rate of interest. d. increased price and wage flexibility.
The textbook refers to the following quotation from a Federal Reserve publication: "Trade is a win-win situation for all countries that participate
" But many firms and workers oppose free-trade policies and protests against globalization have become a regular occurrence at meetings of the World Trade Organization. If trade is a "win-win" situation, why is there strong opposition to free trade and globalization?