When there is political instability in another country, the United States can expect
A) an increase in the capital account balance due to an increase in the current account.
B) an increase in the capital account balance due to the movement of assets to the U.S.
C) a decrease in the balance of payments due to a decrease in special drawing rights.
D) a decrease in the balance of payments due to a decrease in the demand for goods and services.
B
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If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2016, we would say that in the year 2016, the average American could buy ________ times as many goods and services as the average American in 1950
A) 1/8 B) 4 C) 8 D) 12
Ceteris paribus, in the short run following a decrease in the rate of growth in aggregate demand, we would expect to see an increase in the rate of unemployment and a decrease in the rate of inflation
Indicate whether the statement is true or false