If Country A's has an overall balance surplus, then the:
a. Central bank must not be intervening in the foreign exchange market.
b. Government has to be running a budget deficit.
c. Effect is to cause the monetary base to rise.
d. Effect is to cause the monetary base to fall.
e. Financial account must be in deficit.
.C
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An increase in unemployment will cause this year's production possibilities curve to shift inward toward the origin
Indicate whether the statement is true or false
If a textile worker earns $38,000 per year working in the textile mill on a job that was saved by a protective tariff costing consumers $148,000 per year (for that job alone), the textile worker could be paid $48,000 to stay at home all day watching TV until the protective tariff is eliminated, and consumers would still be better off by approximately
A. $48,000 per year. B. $168,000 per year. C. $18,000 per year. D. $100,000 per year.