Which of the following combinations is plausible for a nation's balance of payments? (All numbers in billions.)
A) current account = 10, capital account = 40, official reserve transaction account = 50
B) current account = 40, capital account = 20, official reserve transaction account = -50
C) current account = 50, capital account = -30, official reserve transaction account = 20
D) current account = 30, capital account = -20, official reserve transaction account = -10
D
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Consider the PPF for office buildings and housing shown in the figure above. Which point in the diagram shows that resources to produce office buildings and housing are being misallocated, unused, or both?
A) point F B) point G C) point H D) point I
The decline in output at the onset of the Great Depression was caused primarily by
a. a positive demand shock b. a negative demand shock c. a positive supply shock d. a negative supply shock e. simultaneous shocks to supply and demand