The output of goods and services produced in the United States has grown on average 3 percent per year since 1965

Suppose Italy currently lends 1.5 billion euros to other nations and borrows 1 billion euros from other nations. Italy is definitely a

A) net borrower. B) net lender. C) creditor nation. D) debtor nation.

The interest rate on Baa corporate bonds is ________, on average, than interest rates on Treasuries, and the spread between these rates became ________ in the 1970s

A) lower; smaller B) lower; larger C) higher; smaller D) higher; larger